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Tuong An Vegetable Oil Q2 profit climbs YOY

Tuong An Vegetable Oil JSC said its second-quarter normalized net income came to 406.68 dong per share, an increase from 72.54 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 13.13 billion dong, an increase from 2.69 billion dong in the prior-year period.

The normalized profit margin climbed to 1.6% from 0.3% in the year-earlier period.

Total revenue decreased 12.0% year over year to 820.30 billion dong from 932.46 billion dong, and total operating expenses fell 14.1% year over year to 801.75 billion dong from 932.98 billion dong.

Reported net income increased from the prior-year period to 16.20 billion dong, or 501.76 dong per share, from 3.67 billion dong, or 98.99 dong per share.

As of July 20, US$1 was equivalent to 21,823.50 dong.