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Hanoimilk H1 profit falls YOY

Hanoimilk JSC said its first-half normalized net income was 40.95 dong per share, a decline of 76.3% from 172.77 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 510.9 million dong, a decrease of 76.4% from 2.16 billion dong in the year-earlier period.

Total revenue rose 6.8% on an annual basis to 113.22 billion dong from 105.99 billion dong, and total operating expenses rose 10.4% year over year to 110.51 billion dong from 100.10 billion dong.

Reported net income came to 636.4 million dong, or 51.00 dong per share, compared to a loss of 1.60 billion dong, or a loss of 128.00 dong per share, in the year-earlier period.

As of Aug. 20, US$1 was equivalent to 22,395 dong.