Vietnam Dairy Products JSC said its normalized net income for the fiscal fourth quarter ended Jan. 1 amounted to 890.53 dong per share, a decrease of 6.4% from 951.71 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 1.424 trillion dong, an increase from 1.370 trillion dong in the year-earlier period.
The normalized profit margin fell to 13.8% from 14.6% in the year-earlier period.
Total revenue increased 10.2% on an annual basis to 10.315 trillion dong from 9.358 trillion dong, and total operating expenses rose 10.3% year over year to 8.208 trillion dong from 7.440 trillion dong.
Reported net income rose 9.7% on an annual basis to 1.707 trillion dong, or 1,067.72 dong per share, from 1.557 trillion dong, or 1,081.22 dong per share.
For the year, the company's normalized net income totaled 4,067.74 dong per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 5,135.38 dong.
EPS rose 23.3% from 3,299.78 dong in the prior year.
Normalized net income was 5.858 trillion dong, an increase of 23.3% from 4.752 trillion dong in the prior year.
Full-year total revenue rose 14.3% from the prior-year period to 40.080 trillion dong from 35.072 trillion dong, and total operating expenses rose 11.2% year over year to 31.308 trillion dong from 28.160 trillion dong.
The company said reported net income grew 28.1% on an annual basis to 7.006 trillion dong, or 4,864.48 dong per share, in the full year, from 5.468 trillion dong, or 3,796.63 dong per share.
As of Feb. 29, US$1 was equivalent to 22,300 dong.