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Seafood JSC No.4 Q1 profit falls YOY

Seafood JSC No.4 said its first-quarter normalized net income came to 126.78 dong per share, a decline of 8.5% from 138.57 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 2.03 billion dong, a decline of 5.7% from 2.15 billion dong in the prior-year period.

The normalized profit margin fell to 0.8% from 1.2% in the year-earlier period.

Total revenue increased 39.0% year over year to 243.30 billion dong from 175.10 billion dong, and total operating expenses climbed 45.5% on an annual basis to 237.94 billion dong from 163.52 billion dong.

Reported net income declined 19.6% on an annual basis to 2.77 billion dong, or 173.00 dong per share, from 3.45 billion dong, or 221.72 dong per share.

As of April 30, US$1 was equivalent to 21,590 dong.