Ngan Son JSC said its normalized net income for the first quarter came to a loss of 256.41 dong per share, compared with 98.92 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 a loss of 2.87 billion dong, compared with income of 938.4 million dong in the prior-year period.
The normalized profit margin fell to negative 5.9% from 0.5% in the year-earlier period.
Total revenue decreased 75.2% year over year to 49.04 billion dong from 197.91 billion dong, and total operating expenses declined 74.2% from the prior-year period to 48.47 billion dong from 188.02 billion dong.
Reported net income came to a loss of 3.58 billion dong, or a loss of 320.00 dong per share, compared to income of 1.17 billion dong, or 123.46 dong per share, in the prior-year period.
As of April 24, US$1 was equivalent to 21,595 dong.
