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Lix Detergent JSC Q2 profit climbs 66.3% YOY


According to Market Intelligence, February 2023


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Lix Detergent JSC Q2 profit climbs 66.3% YOY

Lix Detergent JSC said its second-quarter normalized net income came to 859.16 dong per share, a gain of 66.3% from 516.67 dong per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.84 billion dong, an increase of 66.3% from 16.74 billion dong in the prior-year period.

The normalized profit margin rose to 6.5% from 3.8% in the year-earlier period.

Total revenue decreased on an annual basis to 427.79 billion dong from 435.10 billion dong, and total operating expenses decreased 5.8% on an annual basis to 385.53 billion dong from 409.15 billion dong.

Reported net income increased 66.2% from the prior-year period to 34.72 billion dong, or 1,071.59 dong per share, from 20.89 billion dong, or 644.80 dong per share.

As of Aug. 10, US$1 was equivalent to 21,814.50 dong.