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Hoang Anh Gia Lai Q3 profit climbs YOY

Hoang Anh Gia Lai Agricultural Joint Stock Co. said its normalized net income for the third quarter amounted to 324.48 dong per share, a gain of 83.6% from 176.76 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 235.23 billion dong, an increase from 106.27 billion dong in the prior-year period.

The normalized profit margin fell to 12.6% from 19.4% in the year-earlier period.

Total revenue climbed year over year to 1.847 trillion dong from 547.64 billion dong, and total operating expenses increased from the prior-year period to 1.397 trillion dong from 314.02 billion dong.

Reported net income rose on an annual basis to 391.46 billion dong, or 540.00 dong per share, from 174.95 billion dong, or 291.00 dong per share.

As of Nov. 12, US$1 was equivalent to 22,402.50 dong.