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Danang Rubber Q1 profit climbs YOY

Danang Rubber JSC said its normalized net income for the first quarter amounted to 590.89 dong per share, a gain from 578.52 dong per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 70.20 billion dong, a gain from 68.73 billion dong in the year-earlier period.

The normalized profit margin declined to 9.2% from 10.1% in the year-earlier period.

Total revenue rose 13.0% on an annual basis to 766.28 billion dong from 677.99 billion dong, and total operating expenses climbed 16.5% year over year to 624.49 billion dong from 536.17 billion dong.

Reported net income increased from the prior-year period to 87.58 billion dong, or 737.21 dong per share, from 85.75 billion dong, or 721.84 dong per share.

As of April 20, US$1 was equivalent to 21,582.50 dong.