trending Market Intelligence /marketintelligence/en/news-insights/trending/3GssHHMdzVdtOKbxwcaOuA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

TNG Investment & Trading JSC Q4 profit climbs 31.3% YOY

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


TNG Investment & Trading JSC Q4 profit climbs 31.3% YOY

TNG Investment & Trading JSC said its normalized net income for the fourth quarter was 453.34 dong per share, a gain of 29.1% from 351.20 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 12.44 billion dong, a gain of 31.3% from 9.47 billion dong in the year-earlier period.

The normalized profit margin declined to 2.5% from 2.7% in the year-earlier period.

Total revenue rose 44.3% on an annual basis to 501.44 billion dong from 347.42 billion dong, and total operating expenses rose 38.8% year over year to 441.75 billion dong from 318.25 billion dong.

Reported net income rose 25.5% year over year to 16.39 billion dong, or 597.38 dong per share, from 13.06 billion dong, or 484.38 dong per share.

For the year, the company's normalized net income totaled 2,116.76 dong per share, a gain of 24.6% from 1,699.20 dong per share in the prior year.

Normalized net income was 58.09 billion dong, a gain of 44.5% from 40.19 billion dong in the prior year.

Full-year total revenue rose 39.8% on an annual basis to 1.925 trillion dong from 1.377 trillion dong, and total operating expenses increased 40.7% on an annual basis to 1.759 trillion dong from 1.250 trillion dong.

The company said reported net income increased 41.7% year over year to 75.34 billion dong, or 2,745.66 dong per share, in the full year, from 53.16 billion dong, or 2,247.68 dong per share.

As of Jan. 15, US$1 was equivalent to 22,416.50 dong.