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Sa Giang Import Export Q2 profit climbs YOY

Sa Giang Import Export Corp. said its second-quarter normalized net income came to 493.95 dong per share, an increase from 218.16 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 3.53 billion dong, an increase from 1.56 billion dong in the year-earlier period.

The normalized profit margin increased to 6.2% from 3.4% in the year-earlier period.

Total revenue grew 25.3% year over year to 57.14 billion dong from 45.61 billion dong, and total operating expenses climbed 18.4% year over year to 51.60 billion dong from 43.57 billion dong.

Reported net income rose on an annual basis to 4.79 billion dong, or 671.00 dong per share, from 2.29 billion dong, or 321.00 dong per share.

As of July 21, US$1 was equivalent to 21,817.50 dong.