Edifier Technology Co. Ltd. said its first-quarter normalized net income was 4 fen per share, an increase of 11.0% from 3 fen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.5 million yuan, a gain of 13.2% from 18.1 million yuan in the year-earlier period.
The normalized profit margin increased to 13.9% from 10.3% in the year-earlier period.
Total revenue decreased 15.5% year over year to 148.0 million yuan from 175.1 million yuan, and total operating expenses fell 18.4% on an annual basis to 131.9 million yuan from 161.7 million yuan.
Reported net income grew 14.8% year over year to 26.1 million yuan, or 5 fen per share, from 22.7 million yuan, or 4 fen per share.
As of April 21, US$1 was equivalent to 6.20 yuan.
