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Lamdong Foodstuffs Q4 profit climbs 8.0% YOY

Lamdong Foodstuffs JSC said its normalized net income for the fourth quarter amounted to 569.69 dong per share, a gain of 8.1% from 527.12 dong per share in the fourth quarter ended Jan. 1, 2015.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.35 billion dong, an increase of 8.0% from 7.73 billion dong in the fourth quarter ended Jan. 1, 2015.

The normalized profit margin dropped to 5.1% from 5.8% in the year-earlier period.

Total revenue rose 23.6% year over year to 165.00 billion dong from 133.48 billion dong, and total operating expenses rose 24.2% from the prior-year period to 151.46 billion dong from 121.96 billion dong.

Reported net income increased 26.1% from the prior-year period to 10.45 billion dong, or 712.97 dong per share, from 8.28 billion dong, or 565.02 dong per share.

For the year, the company's normalized net income totaled 1,410.39 dong per share, a gain of 24.1% from 1,136.69 dong per share in the prior year.

Normalized net income was 19.32 billion dong, a gain of 16.0% from 16.66 billion dong in the prior year.

Full-year total revenue grew 19.5% from the prior-year period to 420.70 billion dong from 351.97 billion dong, and total operating expenses rose 19.3% on an annual basis to 389.35 billion dong from 326.43 billion dong.

The company said reported net income rose 22.8% on an annual basis to 24.96 billion dong, or 1,821.63 dong per share, in the full year, from 20.32 billion dong, or 1,386.15 dong per share.

As of April 11, US$1 was equivalent to 22,295 dong.