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TNG Investment & Trading JSC Q2 profit climbs 32.8% YOY

TNG Investment & Trading JSC said its second-quarter normalized net income amounted to 595.17 dong per share, an increase of 12.9% from 526.99 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 16.54 billion dong, an increase of 32.8% from 12.45 billion dong in the year-earlier period.

The normalized profit margin dropped to 3.3% from 3.9% in the year-earlier period.

Total revenue increased 56.1% on an annual basis to 500.52 billion dong from 320.70 billion dong, and total operating expenses increased 59.4% on an annual basis to 449.79 billion dong from 282.14 billion dong.

Reported net income rose 42.1% from the prior-year period to 22.72 billion dong, or 817.31 dong per share, from 15.98 billion dong, or 676.18 dong per share.

As of Aug. 17, US$1 was equivalent to 22,094 dong.