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Duc Thanh Wood Processing Q1 profit climbs 33.9% YOY

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Duc Thanh Wood Processing Q1 profit climbs 33.9% YOY

Duc Thanh Wood Processing JSC said its first-quarter normalized net income amounted to 728.59 dong per share, a gain of 34.0% from 543.90 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 9.98 billion dong, a gain of 33.9% from 7.45 billion dong in the year-earlier period.

The normalized profit margin increased to 16.0% from 14.0% in the year-earlier period.

Total revenue climbed 13.8% on an annual basis to 60.63 billion dong from 53.28 billion dong, and total operating expenses increased 10.6% year over year to 47.19 billion dong from 42.66 billion dong.

Reported net income rose 31.0% year over year to 12.18 billion dong, or 889.63 dong per share, from 9.30 billion dong, or 678.79 dong per share.

As of April 20, US$1 was equivalent to 21,582.50 dong.