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Binh Thanh Import-Export Q2 profit climbs 70.9% YOY


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Binh Thanh Import-Export Q2 profit climbs 70.9% YOY

Binh Thanh Import-Export Production & Trade JSC said its second-quarter normalized net income amounted to 1,599.00 dong per share, a gain of 70.6% from 937.10 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 17.20 billion dong, an increase of 70.9% from 10.07 billion dong in the year-earlier period.

The normalized profit margin climbed to 5.9% from 2.6% in the year-earlier period.

Total revenue declined 22.4% on an annual basis to 298.00 billion dong from 384.25 billion dong, and total operating expenses decreased 27.9% from the prior-year period to 264.70 billion dong from 367.16 billion dong.

Reported net income grew 72.1% year over year to 21.33 billion dong, or 1,982.17 dong per share, from 12.39 billion dong, or 1,153.44 dong per share.

As of Aug. 14, US$1 was equivalent to 22,103 dong.