Solavina JSC said its first-quarter normalized net income came to 18.4 million dong, compared with a loss of 180.0 million dong in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 0.4% from negative 171.5% in the year-earlier period.
Total revenue climbed year over year to 5.23 billion dong from 105.0 million dong, and total operating expenses climbed on an annual basis to 5.34 billion dong from 291.2 million dong.
Reported net income came to 313.0 million dong, compared with a loss of 288.1 million dong in the year-earlier period.
As of April 22, US$1 was equivalent to 21,586 dong.
