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Qingdao Doublestar Q1 profit climbs YOY

4914009 said its normalized net income for the first quarter amounted to 3 fen per share, a gain from 1 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 18.5 million yuan, a gain from 7.4 million yuan in the year-earlier period.

The normalized profit margin increased to 1.8% from 1.1% in the year-earlier period.

Total revenue grew 57.0% year over year to 1.08 billion yuan from 688.8 million yuan, and total operating expenses climbed 54.4% from the prior-year period to 1.03 billion yuan from 670.3 million yuan.

eported net income grew year over year to 24. Qingdao Doublestar Co. Ltd..