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Muyuan Foods Q1 loss narrows YOY

4913478 said its first-quarter normalized net income came to a loss of 2 fen per share, compared with a loss of 4 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 16.3 million yuan, compared with a loss of 34.8 million yuan in the prior-year period.

The normalized profit margin climbed to negative 2.5% from negative 7.7% in the year-earlier period.

Total revenue rose 11.3% on an annual basis to 499.9 million yuan from 449.1 million yuan, and total operating expenses climbed from the prior-year period to 508.4 million yuan from 485.0 million yuan.

Reported net income came to a loss of 20.2 million yuan, or a loss of 2 fen per share, compared to a loss of 55.7 million yuan, or a loss of 7 fen per share, in the prior-year period.

s of April 24, US$1 was equivalent to 6.19 yuan.Muyuan Foods Co.,Ltd.

4913478 said its first-quarter normalized net income came to a loss of 2 fen per share, compared with a loss of 4 fen per share in the year-earlier period.