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Danang Rubber fiscal Q4 profit climbs 26.7% YOY

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Danang Rubber fiscal Q4 profit climbs 26.7% YOY

Danang Rubber JSC said its normalized net income for the fiscal fourth quarter ended Jan. 1 came to 853.96 dong per share, an increase of 26.7% from 674.01 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 101.45 billion dong, a gain of 26.7% from 80.07 billion dong in the year-earlier period.

The normalized profit margin rose to 11.9% from 8.8% in the year-earlier period.

Total revenue declined 6.5% on an annual basis to 854.99 billion dong from 914.17 billion dong, and total operating expenses decreased 9.9% year over year to 678.37 billion dong from 752.63 billion dong.

Reported net income increased 22.4% year over year to 126.34 billion dong, or 1,063.49 dong per share, from 103.20 billion dong, or 868.68 dong per share.

For the year, the company's normalized net income totaled 2,950.23 dong per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3,008.85 dong.

EPS rose 25.3% from 2,355.44 dong in the prior year.

Normalized net income was 332.66 billion dong, a gain of 18.9% from 279.82 billion dong in the prior year.

Full-year total revenue rose on an annual basis to 3.318 trillion dong from 3.251 trillion dong, and total operating expenses totaled 2.679 trillion dong, compared with 2.677 trillion dong in the prior-year period.

The company said reported net income rose 17.7% on an annual basis to 415.03 billion dong, or 3,680.70 dong per share, in the full year, from 352.73 billion dong, or 2,969.18 dong per share.

As of March 24, US$1 was equivalent to 22,326 dong.