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Tay Ninh Cable Car Tour fiscal Q4 loss narrows YOY

Tay Ninh Cable Car Tour Joint-stock Co. said its normalized net income for the fiscal fourth quarter ended Jan. 1 was a loss of 87.63 dong per share, compared with a loss of 130.91 dong per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.12 billion dong, compared with a loss of 1.67 billion dong in the prior-year period.

The normalized profit margin increased to negative 3.8% from negative 7.6% in the year-earlier period.

Total revenue increased 33.9% year over year to 29.62 billion dong from 22.13 billion dong, and total operating expenses increased 26.1% year over year to 33.79 billion dong from 26.80 billion dong.

Reported net income came to a loss of 4.73 billion dong, or a loss of 370.18 dong per share, compared to a loss of 5.30 billion dong, or a loss of 414.68 dong per share, in the year-earlier period.

For the year, the company's normalized net income totaled 3,617.60 dong per share, an increase from 3,488.07 dong per share in the prior year.

Normalized net income was 46.26 billion dong, a rise from 44.61 billion dong in the prior year.

Full-year total revenue grew 41.6% year over year to 176.30 billion dong from 124.50 billion dong, and total operating expenses grew 79.8% on an annual basis to 108.21 billion dong from 60.18 billion dong.

The company said reported net income grew year over year to 54.59 billion dong, or 4,268.65 dong per share, in the full year, from 52.39 billion dong, or 4,097.00 dong per share.

As of Feb. 26, US$1 was equivalent to 22,316 dong.