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Angiang Fisheries Import & Export Q2 profit falls YOY

Angiang Fisheries Import & Export JSC said its normalized net income for the second quarter came to 224.56 dong per share, a decline of 23.6% from 294.00 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 5.73 billion dong, a decrease of 30.6% from 8.26 billion dong in the year-earlier period.

The normalized profit margin declined to 0.4% from 1.2% in the year-earlier period.

Total revenue decreased 22.3% on an annual basis to 553.84 billion dong from 712.76 billion dong, and total operating expenses fell 23.0% from the prior-year period to 532.16 billion dong from 691.34 billion dong.

Reported net income decreased 84.8% from the prior-year period to 6.87 billion dong, or 269.00 dong per share, from 45.22 billion dong, or 1,608.81 dong per share.

As of July 21, US$1 was equivalent to 21,817.50 dong.