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Bien Hoa Sugar JSC fiscal Q3 profit climbs 52.7% YOY

Bien Hoa Sugar JSC said its normalized net income for the fiscal third quarter ended March 31 came to 384.49 dong per share, an increase of 52.7% from 251.78 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 31.49 billion dong, a gain of 52.7% from 20.62 billion dong in the year-earlier period.

The normalized profit margin climbed to 4.1% from 3.4% in the year-earlier period.

Total revenue rose 24.4% year over year to 759.42 billion dong from 610.51 billion dong, and total operating expenses rose 22.7% year over year to 700.79 billion dong from 571.23 billion dong.

Reported net income increased 79.2% from the prior-year period to 36.58 billion dong, or 446.73 dong per share, from 20.41 billion dong, or 249.27 dong per share.

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