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Binh Thanh Import-Export Q1 profit climbs 38.6% YOY

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Binh Thanh Import-Export Q1 profit climbs 38.6% YOY

Binh Thanh Import-Export Production & Trade JSC said its first-quarter normalized net income came to 685.12 dong per share, an increase of 39.0% from 493.01 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 7.35 billion dong, a gain of 38.6% from 5.30 billion dong in the year-earlier period.

The normalized profit margin climbed to 3.4% from 3.1% in the year-earlier period.

Total revenue grew 28.5% on an annual basis to 217.83 billion dong from 169.49 billion dong, and total operating expenses rose 27.9% year over year to 204.09 billion dong from 159.52 billion dong.

Reported net income rose 68.3% on an annual basis to 7.15 billion dong, or 666.83 dong per share, from 4.25 billion dong, or 395.18 dong per share.

As of May 15, US$1 was equivalent to 21,765 dong.