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Binh Thanh Import-Export Q3 profit climbs 24.3% YOY

Binh Thanh Import-Export Production & Trade JSC said its third-quarter normalized net income was 1,361.88 dong per share, an increase of 23.9% from 1,099.43 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 14.65 billion dong, an increase of 24.3% from 11.79 billion dong in the year-earlier period.

The normalized profit margin increased to 5.4% from 4.5% in the year-earlier period.

Total revenue climbed on an annual basis to 271.22 billion dong from 260.96 billion dong, and total operating expenses came to 239.94 billion dong, compared with 239.43 billion dong in the prior-year period.

Reported net income rose 22.8% year over year to 21.25 billion dong, or 1,975.08 dong per share, from 17.31 billion dong, or 1,614.00 dong per share.

As of Nov. 16, US$1 was equivalent to 22,445 dong.