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Dai Chau Q3 profit climbs YOY

Dai Chau Group JSC said its third-quarter normalized net income amounted to 44.07 dong per share, an increase of 80.8% from 24.38 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 2.67 billion dong, a gain from 945.1 million dong in the prior-year period.

The normalized profit margin dropped to 3.3% from 4.9% in the year-earlier period.

Total revenue rose on an annual basis to 82.14 billion dong from 19.38 billion dong, and total operating expenses grew from the prior-year period to 77.26 billion dong from 18.08 billion dong.

Reported net income rose from the prior-year period to 3.34 billion dong, or 55.00 dong per share, from 1.51 billion dong, or 39.00 dong per share.

As of Nov. 12, US$1 was equivalent to 22,402.50 dong.