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But'one Information swings to profit in Q1

But'one Information Corp. Xi'an said its normalized net income for the first quarter came to 459,760 yuan, compared with a loss of 514,150 yuan in the year-earlier period.

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

The normalized profit margin climbed to 1.9% from negative 1.2% in the year-earlier period.

Total revenue climbed 8.0% on an annual basis to 46.7 million yuan from 43.3 million yuan, and total operating expenses grew 6.1% from the prior-year period to 41.7 million yuan from 39.3 million yuan.

Reported net income came to 1.8 million yuan, or 3 fen per share, compared to a loss of 157,880 yuan, or a loss of 0 fen per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 6.20 yuan.