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Petroleum Phuongdong Tourism Q1 profit climbs 9.4% YOY

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Petroleum Phuongdong Tourism Q1 profit climbs 9.4% YOY

Petroleum Phuongdong Tourism Joinst-Stock Co. said its first-quarter normalized net income amounted to 374.3 million dong, an increase of 9.4% from 342.2 million dong in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.9% from 1.4% in the year-earlier period.

Total revenue decreased 17.9% year over year to 19.49 billion dong from 23.75 billion dong, and total operating expenses declined 19.2% year over year to 18.82 billion dong from 23.30 billion dong.

Reported net income declined 14.7% from the prior-year period to 467.1 million dong, or 31.00 dong per share, from 547.6 million dong.

As of April 24, US$1 was equivalent to 21,595 dong.