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American Lorain Q1 profit climbs YOY


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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.