Yamada Green Resources Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 14 fen per share, a decline of 52.9% from 30 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 15.4 million yuan, a decline of 50.4% from 31.0 million yuan in the year-earlier period.
The normalized profit margin fell to 8.7% from 13.3% in the year-earlier period.
Total revenue declined 24.1% year over year to 176.7 million yuan from 232.6 million yuan, and total operating expenses declined 16.7% from the prior-year period to 151.6 million yuan from 182.0 million yuan.
Reported net income decreased 51.5% from the prior-year period to 22.0 million yuan, or 21 fen per share, from 45.4 million yuan, or 45 fen per share.
As of Feb. 12, US$1 was equivalent to 6.25 yuan.
