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Zhejiang Jingu Q1 profit climbs 31.6% YOY

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Zhejiang Jingu Q1 profit climbs 31.6% YOY

Zhejiang Jingu Co. Ltd. said its first-quarter normalized net income came to 2 fen per share, a gain of 24.5% from 2 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 10.5 million yuan, a gain of 31.6% from 7.9 million yuan in the year-earlier period.

The normalized profit margin climbed to 3.7% from 2.9% in the year-earlier period.

Total revenue climbed 5.6% year over year to 284.6 million yuan from 269.7 million yuan, and total operating expenses increased from the prior-year period to 252.7 million yuan from 247.1 million yuan.

Reported net income came to 10.1 million yuan, or 2 fen per share, compared to 9.5 million yuan, or 2 fen per share, in the prior-year period.

As of April 23, US$1 was equivalent to 6.20 yuan.