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G.Home Textile Q1 profit climbs YOY

G.Home Textile Investment JSC said its normalized net income for the first quarter amounted to 1.28 billion dong, a rise from 14.4 million dong in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.1% from 0.0% in the year-earlier period.

Total revenue grew 39.1% year over year to 60.23 billion dong from 43.30 billion dong, and total operating expenses increased 37.7% from the prior-year period to 55.29 billion dong from 40.15 billion dong.

Reported net income increased year over year to 1.59 billion dong, or 166.00 dong per share, from 14.4 million dong.

As of May 14, US$1 was equivalent to 21,795 dong.