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TNG Investment & Trading JSC Q1 profit climbs YOY

TNG Investment & Trading JSC said its normalized net income for the first quarter amounted to 262.59 dong per share, a gain of 98.8% from 132.06 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 8.37 billion dong, a gain from 3.13 billion dong in the year-earlier period.

The normalized profit margin climbed to 2.8% from 1.5% in the year-earlier period.

Total revenue climbed 45.5% on an annual basis to 296.97 billion dong from 204.13 billion dong, and total operating expenses climbed 46.7% year over year to 272.07 billion dong from 185.43 billion dong.

Reported net income increased from the prior-year period to 11.30 billion dong, or 354.78 dong per share, from 4.04 billion dong, or 170.75 dong per share.

As of April 16, US$1 was equivalent to 21,603.50 dong.