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Cat Loi Q2 profit climbs YOY

Cat Loi JSC said its normalized net income for the second quarter came to 771.31 dong per share, a decline of 6.9% from 828.07 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 15.17 billion dong, an increase from 14.47 billion dong in the year-earlier period.

The normalized profit margin fell to 3.8% from 4.4% in the year-earlier period.

Total revenue climbed 21.7% on an annual basis to 399.67 billion dong from 328.42 billion dong, and total operating expenses grew 22.5% on an annual basis to 365.94 billion dong from 298.74 billion dong.

Reported net income rose 47.6% from the prior-year period to 20.62 billion dong, or 1,048.67 dong per share, from 13.97 billion dong, or 799.65 dong per share.

As of July 16, US$1 was equivalent to 21,811 dong.