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Vinh Hoan Corp Q1 profit climbs YOY

Vinh Hoan Corp. said its first-quarter normalized net income came to 804.39 dong per share, an increase from 247.50 dong per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 74.33 billion dong, a gain from 22.78 billion dong in the prior-year period.

The normalized profit margin climbed to 4.9% from 2.0% in the year-earlier period.

Total revenue rose 30.1% on an annual basis to 1.504 trillion dong from 1.156 trillion dong, and total operating expenses grew 27.1% from the prior-year period to 1.400 trillion dong from 1.101 trillion dong.

Reported net income grew year over year to 102.83 billion dong, or 1,112.80 dong per share, from 39.09 billion dong, or 424.67 dong per share.

As of May 7, US$1 was equivalent to 21,680 dong.