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Mirae H1 profit falls YOY

Mirae JSC said its normalized net income for the first half came to 77.13 dong per share, a decrease of 48.3% from 149.08 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 3.77 billion dong, a decline of 48.3% from 7.29 billion dong in the year-earlier period.

Total revenue grew on an annual basis to 190.45 billion dong from 185.00 billion dong, and total operating expenses increased 5.7% on an annual basis to 178.98 billion dong from 169.34 billion dong.

Reported net income declined 43.3% from the prior-year period to 5.96 billion dong, or 121.84 dong per share, from 10.51 billion dong, or 215.03 dong per share.

As of July 20, US$1 was equivalent to 21,823.50 dong.