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Zhongxing Shenyang Commercial Building Q2 profit falls YOY

4912409 said its normalized net income for the second quarter amounted to 4 fen per share, a decline of 6.4% from 4 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 10.9 million yuan, a decline of 7.1% from 11.8 million yuan in the year-earlier period.

The normalized profit margin rose to 1.9% from 1.5% in the year-earlier period.

Total revenue decreased 22.5% on an annual basis to 600.2 million yuan from 774.8 million yuan, and total operating expenses declined 23.3% from the prior-year period to 583.5 million yuan from 760.8 million yuan.

eported net income increased year over year to Zhongxing Shenyang Commercial Building Group Co. Ltd.