GTNFOODS JSC said its normalized net income for the third quarter amounted to 108.72 dong per share, an increase from 43.55 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 8.13 billion dong, a gain from 3.26 billion dong in the prior-year period.

The normalized profit margin fell to 1.1% from 2.3% in the year-earlier period.

Total revenue climbed year over year to 711.62 billion dong from 140.38 billion dong, and total operating expenses rose from the prior-year period to 694.66 billion dong from 135.37 billion dong.

Reported net income decreased 48.3% year over year to 20.07 billion dong, or 268.33 dong per share, from 38.85 billion dong, or 519.36 dong per share.

As of Nov. 16, US$1 was equivalent to 22,445 dong.