Son La Sugar JSC said its normalized net income for the first quarter came to 1,036.30 dong per share, an increase from 1,005.56 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 8.46 billion dong, a gain from 8.21 billion dong in the year-earlier period.

The normalized profit margin fell to 4.0% from 4.7% in the year-earlier period.

Total revenue rose 17.7% year over year to 207.01 billion dong from 175.88 billion dong, and total operating expenses rose 18.5% on an annual basis to 195.25 billion dong from 164.83 billion dong.

Reported net income increased 23.1% year over year to 12.12 billion dong, or 1,485.81 dong per share, from 9.85 billion dong, or 1,206.67 dong per share.

As of May 18, US$1 was equivalent to 21,792.50 dong.