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Seafood JSC No.4 Q2 profit falls YOY

Seafood JSC No.4 said its normalized net income for the second quarter was 70.62 dong per share, a decrease of 56.3% from 161.50 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 1.14 billion dong, a decline of 57.3% from 2.67 billion dong in the prior-year period.

The normalized profit margin declined to 0.5% from 1.4% in the year-earlier period.

Total revenue increased 8.2% on an annual basis to 207.82 billion dong from 192.05 billion dong, and total operating expenses totaled 182.93 billion dong, compared with 181.19 billion dong in the prior-year period.

Reported net income decreased 76.1% on an annual basis to 743.4 million dong, or 46.00 dong per share, from 3.11 billion dong, or 187.80 dong per share.

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