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Truong Long Engineering & Auto Q1 profit climbs YOY

Truong Long Engineering & Auto JSC said its first-quarter normalized net income came to 1,251.60 dong per share, an increase from 354.78 dong per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 15.02 billion dong, a gain from 4.26 billion dong in the year-earlier period.

The normalized profit margin rose to 6.2% from 4.0% in the year-earlier period.

Total revenue climbed year over year to 242.75 billion dong from 105.14 billion dong, and total operating expenses increased year over year to 229.27 billion dong from 103.62 billion dong.

Reported net income grew on an annual basis to 18.75 billion dong, or 1,562.00 dong per share, from 5.54 billion dong, or 461.33 dong per share.

As of April 20, US$1 was equivalent to 21,582.50 dong.