trending Market Intelligence /marketintelligence/en/news-insights/trending/-xjEnfNI9hBVsa4u2CxgfA2 content esgSubNav
In This List

American Lorain Q1 profit climbs YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia


American Lorain Q1 profit climbs YOY

American Lorain Corp. said its first-quarter normalized net income amounted to $1.4 million, an increase from $204,210 in the prior-year period.

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

The normalized profit margin climbed to 5.5% from 0.5% in the year-earlier period.

Total revenue fell 15.5% on an annual basis to $31.7 million from $37.6 million, and total operating expenses declined 20.8% from the prior-year period to $29.0 million from $36.7 million.

Reported net income totaled a loss of $3.1 million, or a loss of 8 cents per share, compared to a loss of $497,110, or a loss of 1 cents per share, in the year-earlier period.