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Net Detergent Q1 profit climbs 41.6% YOY

Net Detergent JSC said its normalized net income for the first quarter came to 563.98 dong per share, an increase of 41.6% from 398.22 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 12.63 billion dong, an increase of 41.6% from 8.92 billion dong in the prior-year period.

The normalized profit margin rose to 6.6% from 4.3% in the year-earlier period.

Total revenue fell 8.7% year over year to 190.32 billion dong from 208.46 billion dong, and total operating expenses decreased 12.9% on an annual basis to 170.48 billion dong from 195.65 billion dong.

Reported net income increased 43.0% on an annual basis to 17.06 billion dong, or 761.51 dong per share, from 11.93 billion dong, or 532.68 dong per share.

As of April 22, US$1 was equivalent to 21,586 dong.