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G.Home Textile posts Q4 profit

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G.Home Textile posts Q4 profit

G.Home Textile Investment JSC said its normalized net income for the fourth quarter was 2.01 billion dong.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.4%.

Total revenue totaled 84.05 billion dong, and total operating expenses came to 77.11 billion dong.

Reported net income came to 2.49 billion dong, or 259.19 dong per share.

For the year, the company's normalized net income totaled 979.92 dong per share, a gain of 5.9% from 925.17 dong per share in the prior year.

Normalized net income was 9.41 billion dong, a rise of 6.0% from 8.88 billion dong in the prior year.

Full-year total revenue rose 11.0% from the prior-year period to 300.89 billion dong from 271.13 billion dong, and total operating expenses increased 12.3% year over year to 272.85 billion dong from 242.96 billion dong.

The company said reported net income increased year over year to 11.66 billion dong, or 1,214.00 dong per share, in the full year, from 11.26 billion dong, or 1,173.38 dong per share.

As of Jan. 26, US$1 was equivalent to 22,332.50 dong.