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LISI Group fiscal H1 loss widens 67.2% YOY

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LISI Group fiscal H1 loss widens 67.2% YOY

LISI Group Co. Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of 1 fen per share, compared with a loss of 1 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 58.3 million yuan, compared with a loss of 34.9 million yuan in the prior-year period.

Total revenue grew on an annual basis to 547.8 million yuan from 230.5 million yuan, and total operating expenses increased 88.0% year over year to 524.9 million yuan from 279.3 million yuan.

Reported net income came to a loss of 50.9 million yuan, or a loss of 1 fen per share, compared to a loss of 40.9 million yuan, or a loss of 1 fen per share, in the year-earlier period.

As of Dec. 24, US$1 was equivalent to 6.23 yuan.