Pan Group JSC said its second-quarter normalized net income amounted to 218.58 dong per share, a decline of 22.0% from 280.15 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 20.27 billion dong, a gain from 19.56 billion dong in the year-earlier period.

The normalized profit margin fell to 5.4% from 9.4% in the year-earlier period.

Total revenue climbed year over year to 678.64 billion dong from 208.78 billion dong, and total operating expenses rose from the prior-year period to 587.92 billion dong from 182.54 billion dong.

Reported net income increased 32.5% from the prior-year period to 37.91 billion dong, or 408.74 dong per share, from 28.61 billion dong, or 409.86 dong per share.

As of Aug. 14, US$1 was equivalent to 22,103 dong.