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Bibica Q1 profit climbs 95.6% YOY

Bibica Corp. said its normalized net income for the first quarter was 994.43 dong per share, a gain of 95.7% from 508.10 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 16.14 billion dong, an increase of 95.6% from 8.25 billion dong in the year-earlier period.

The normalized profit margin climbed to 6.4% from 3.6% in the year-earlier period.

Total revenue increased 10.6% year over year to 250.82 billion dong from 226.70 billion dong, and total operating expenses climbed 6.2% from the prior-year period to 228.64 billion dong from 215.28 billion dong.

Reported net income grew 87.4% from the prior-year period to 21.46 billion dong, or 1,322.00 dong per share, from 11.45 billion dong, or 705.00 dong per share.

As of May 12, US$1 was equivalent to 21,710 dong.