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IDI International Q1 profit climbs YOY

I.D.I International Development and Investment Corp. said its first-quarter normalized net income amounted to 187.16 dong per share, a gain from 89.67 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 11.14 billion dong, an increase from 4.74 billion dong in the year-earlier period.

The normalized profit margin climbed to 2.3% from 0.9% in the year-earlier period.

Total revenue climbed 9.2% year over year to 559.53 billion dong from 512.48 billion dong, and total operating expenses rose 5.6% on an annual basis to 522.50 billion dong from 494.68 billion dong.

Reported net income grew year over year to 20.97 billion dong, or 352.17 dong per share, from 9.39 billion dong, or 177.51 dong per share.

As of April 21, US$1 was equivalent to 21,585 dong.