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Nam Viet Q3 profit falls YOY

Nam Viet Corp. said its third-quarter normalized net income amounted to 86.76 dong per share, a decline of 16.1% from 103.46 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 10.82 billion dong, a decline of 16.2% from 12.90 billion dong in the prior-year period.

The normalized profit margin fell to 1.5% from 1.8% in the year-earlier period.

Total revenue totaled 706.36 billion dong, compared with 713.29 billion dong in the year-earlier period, and total operating expenses declined on an annual basis to 656.16 billion dong from 679.67 billion dong.

Reported net income fell 62.0% from the prior-year period to 9.50 billion dong, or 76.18 dong per share, from 25.00 billion dong, or 200.53 dong per share.

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