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Lix Detergent JSC Q1 profit climbs YOY

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Lix Detergent JSC Q1 profit climbs YOY

Lix Detergent JSC said its normalized net income for the first quarter amounted to 816.79 dong per share, a gain from 341.35 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 26.46 billion dong, an increase from 11.06 billion dong in the prior-year period.

The normalized profit margin rose to 6.8% from 2.9% in the year-earlier period.

Total revenue increased year over year to 387.90 billion dong from 380.17 billion dong, and total operating expenses decreased on an annual basis to 347.20 billion dong from 363.67 billion dong.

Reported net income grew on an annual basis to 33.05 billion dong, or 1,020.00 dong per share, from 13.80 billion dong, or 426.00 dong per share.

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