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Duc Giang Chemicals Q3 profit climbs YOY

Duc Giang Chemicals & Detergent Powder JSC said its third-quarter normalized net income came to 976.70 dong per share, a gain from 430.86 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 47.56 billion dong, a gain from 21.55 billion dong in the year-earlier period.

The normalized profit margin climbed to 8.5% from 4.0% in the year-earlier period.

Total revenue climbed on an annual basis to 561.18 billion dong from 540.23 billion dong, and total operating expenses increased on an annual basis to 483.60 billion dong from 477.76 billion dong.

Reported net income rose on an annual basis to 78.42 billion dong, or 1,610.40 dong per share, from 37.55 billion dong, or 750.91 dong per share.

As of Nov. 11, US$1 was equivalent to 22,390 dong.