Cat Loi JSC said its normalized net income for the first quarter amounted to 695.78 dong per share, a decrease of 10.3% from 775.37 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 13.68 billion dong, a decline of 10.3% from 15.24 billion dong in the year-earlier period.
The normalized profit margin declined to 3.6% from 4.0% in the year-earlier period.
Total revenue decreased year over year to 375.06 billion dong from 381.11 billion dong, and total operating expenses declined year over year to 345.20 billion dong from 352.91 billion dong.
Reported net income declined 11.3% from the prior-year period to 18.38 billion dong, or 935.19 dong per share, from 20.73 billion dong, or 1,054.52 dong per share.
As of April 16, US$1 was equivalent to 21,603.50 dong.
