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Bibica Q3 profit falls YOY

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Bibica Q3 profit falls YOY

Bibica Corp. said its normalized net income for the third quarter was 912.29 dong per share, a decline from 946.41 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 14.07 billion dong, a decrease from 14.59 billion dong in the year-earlier period.

The normalized profit margin climbed to 5.1% from 5.1% in the year-earlier period.

Total revenue decreased on an annual basis to 280.88 billion dong from 284.74 billion dong, and total operating expenses came to 263.38 billion dong, compared with 263.85 billion dong in the prior-year period.

Reported net income totaled 18.53 billion dong, or 1,202.00 dong per share, compared to 18.36 billion dong, or 1,191.00 dong per share, in the prior-year period.

As of Nov. 12, US$1 was equivalent to 22,402.50 dong.