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Daco Group Q2 profit climbs YOY

Dabaco Group JSC said its second-quarter normalized net income was 492.02 dong per share, a gain from 214.92 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 40.74 billion dong, an increase from 17.81 billion dong in the year-earlier period.

The normalized profit margin increased to 2.7% from 1.5% in the year-earlier period.

Total revenue grew 24.9% year over year to 1.499 trillion dong from 1.200 trillion dong, and total operating expenses grew 23.8% year over year to 1.408 trillion dong from 1.137 trillion dong.

Reported net income increased on an annual basis to 53.19 billion dong, or 642.42 dong per share, from 20.75 billion dong, or 250.34 dong per share.

As of Aug. 6, US$1 was equivalent to 21,815 dong.