Tuong An Vegetable Oil JSC said its first-quarter normalized net income was 467.11 dong per share, a gain from 193.25 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 15.07 billion dong, an increase from 6.89 billion dong in the prior-year period.
The normalized profit margin rose to 1.6% from 0.6% in the year-earlier period.
Total revenue decreased 14.6% year over year to 925.07 billion dong from 1.083 trillion dong, and total operating expenses declined 15.9% year over year to 902.36 billion dong from 1.073 trillion dong.
Reported net income grew on an annual basis to 18.46 billion dong, or 572.09 dong per share, from 9.02 billion dong, or 253.04 dong per share.
As of April 20, US$1 was equivalent to 21,582.50 dong.
