Saigon General Service Corp. said its first-quarter normalized net income came to 214.25 dong per share, a decrease of 7.4% from 231.48 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 5.36 billion dong, a decline of 7.4% from 5.78 billion dong in the year-earlier period.
The normalized profit margin declined to 0.3% from 0.4% in the year-earlier period.
Total revenue increased 16.5% year over year to 1.857 trillion dong from 1.593 trillion dong, and total operating expenses increased 16.3% on an annual basis to 1.827 trillion dong from 1.571 trillion dong.
Reported net income increased 8.7% year over year to 10.43 billion dong, or 417.00 dong per share, from 9.59 billion dong, or 384.00 dong per share.
As of April 24, US$1 was equivalent to 21,595 dong.
