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Tay Ninh Cable Car Tour Q1 profit falls YOY

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Tay Ninh Cable Car Tour Q1 profit falls YOY

Tay Ninh Cable Car Tour Joint-stock Co. said its first-quarter normalized net income was 2,963.94 dong per share, a decrease of 10.0% from 3,293.12 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 37.90 billion dong, a decrease from 38.63 billion dong in the prior-year period.

The normalized profit margin dropped to 45.9% from 52.9% in the year-earlier period.

Total revenue grew 14.0% year over year to 83.28 billion dong from 73.05 billion dong, and total operating expenses increased 73.2% from the prior-year period to 22.58 billion dong from 13.04 billion dong.

Reported net income fell year over year to 47.30 billion dong, or 3,699.00 dong per share, from 48.20 billion dong, or 4,109.43 dong per share.

As of April 15, US$1 was equivalent to 21,610 dong.