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Eastern Gold Jade Q1 profit climbs YOY

Eastern Gold Jade Co. Ltd. said its normalized net income for the first quarter was 12 fen per share, a gain from 3 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 144.0 million yuan, a gain from 32.3 million yuan in the prior-year period.

The normalized profit margin increased to 8.9% from 2.2% in the year-earlier period.

Total revenue climbed 11.5% year over year to 1.62 billion yuan from 1.45 billion yuan, and total operating expenses came to 1.37 billion yuan, compared with 1.36 billion yuan in the year-earlier period.

Reported net income increased from the prior-year period to 169.5 million yuan, or 15 fen per share, from 41.4 million yuan, or 4 fen per share.

As of April 9, US$1 was equivalent to 6.20 yuan.