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Lamdong Foodstuffs Q3 profit climbs 41.2% YOY

Lamdong Foodstuffs JSC said its normalized net income for the third quarter amounted to 289.60 dong per share, a gain of 41.2% from 205.04 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 4.25 billion dong, a gain of 41.2% from 3.01 billion dong in the year-earlier period.

The normalized profit margin increased to 4.1% from 3.5% in the year-earlier period.

Total revenue rose 20.6% year over year to 104.49 billion dong from 86.62 billion dong, and total operating expenses climbed 18.2% year over year to 96.98 billion dong from 82.03 billion dong.

Reported net income grew 33.6% year over year to 6.41 billion dong, or 437.29 dong per share, from 4.80 billion dong, or 327.19 dong per share.

As of Nov. 19, US$1 was equivalent to 22,472.50 dong.