Bibica Corp. said its normalized net income for the fourth quarter was 2,029.40 dong per share, a gain of 69.0% from 1,200.47 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 31.29 billion dong, a gain of 69.1% from 18.51 billion dong in the year-earlier period.

The normalized profit margin increased to 6.6% from 4.5% in the year-earlier period.

Total revenue rose 12.7% year over year to 466.02 billion dong from 413.48 billion dong, and total operating expenses grew 13.3% on an annual basis to 417.92 billion dong from 368.71 billion dong.

Reported net income increased year over year to 36.86 billion dong, or 2,390.26 dong per share, from 17.10 billion dong, or 1,108.95 dong per share.

For the year, the company's normalized net income totaled 4,281.89 dong per share, an increase of 38.7% from 3,086.75 dong per share in the prior year.

Normalized net income was 66.03 billion dong, a rise of 38.7% from 47.60 billion dong in the prior year.

Full-year total revenue increased on an annual basis to 1.172 trillion dong from 1.129 trillion dong, and total operating expenses grew year over year to 1.078 trillion dong from 1.046 trillion dong.

The company said reported net income rose 48.5% year over year to 81.52 billion dong, or 5,286.67 dong per share, in the full year, from 54.90 billion dong, or 3,560.00 dong per share.

As of March 25, US$1 was equivalent to 22,326 dong.