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Vietnam National General Export-Import Q4 loss widens YOY

4915829 said its normalized net income for the fourth quarter was a loss of 6,095.41 dong per share, compared with a loss of 56.65 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 76.79 billion dong, compared with a loss of 868.2 million dong in the prior-year period.

The normalized profit margin fell to negative 49.2% from negative 0.2% in the year-earlier period.

Total revenue declined 55.5% on an annual basis to 156.17 billion dong from 350.86 billion dong, and total operating expenses decreased 22.8% year over year to 269.66 billion dong from 349.41 billion dong.

Reported net income totaled a loss of 133.25 billion dong, or a loss of 10,577.61 dong per share, compared to income of 6.24 billion dong, or 407.29 dong per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 6,901.66 dong per share, compared with a loss of 9.13 dong per share in the prior year.

Normalized net income was a loss of 86.94 billion dong, compared with a loss of 123.7 million dong in the prior year.

Full-year total revenue decreased 27.7% from the prior-year period to 1.077 trillion dong from 1.490 trillion dong, and total operating expenses decreased 20.7% on an annual basis to 1.165 trillion dong from 1.468 trillion dong.

he company said reported net income came to a los Vietnam National General Export-Import JSC No.1