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Daco Group Q1 profit climbs 62.3% YOY

Dabaco Group JSC said its normalized net income for the first quarter amounted to 526.68 dong per share, a gain of 62.2% from 324.65 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 43.62 billion dong, an increase of 62.3% from 26.87 billion dong in the prior-year period.

The normalized profit margin climbed to 3.5% from 2.2% in the year-earlier period.

Total revenue rose on an annual basis to 1.246 trillion dong from 1.209 trillion dong, and total operating expenses totaled 1.154 trillion dong, compared with 1.144 trillion dong in the prior-year period.

Reported net income rose 80.7% year over year to 57.10 billion dong, or 689.39 dong per share, from 31.60 billion dong, or 381.82 dong per share.

As of April 22, US$1 was equivalent to 21,586 dong.