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Bentre Aquaproduct Q1 profit climbs 38.1% YOY

Bentre Aquaproduct Import & Export JSC said its normalized net income for the first quarter came to 1,529.09 dong per share, an increase of 38.2% from 1,106.55 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 17.58 billion dong, an increase of 38.1% from 12.72 billion dong in the year-earlier period.

The normalized profit margin rose to 15.5% from 13.4% in the year-earlier period.

Total revenue rose 17.5% year over year to 111.88 billion dong from 95.24 billion dong, and total operating expenses rose 9.0% year over year to 88.34 billion dong from 81.03 billion dong.

Reported net income fell 9.4% from the prior-year period to 20.41 billion dong, or 1,776.00 dong per share, from 22.53 billion dong, or 1,959.00 dong per share.

As of April 20, US$1 was equivalent to 21,582.50 dong.