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Real Nutriceutical H1 profit falls YOY

Real Nutriceutical Group Ltd said its first-half normalized net income came to 4 fen per share, a decrease of 75.6% from 18 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 69.2 million yuan, a decrease of 69.4% from 226.3 million yuan in the year-earlier period.

Total revenue fell 40.5% on an annual basis to 649.2 million yuan from 1.09 billion yuan, and total operating expenses decreased 25.7% on an annual basis to 538.4 million yuan from 724.7 million yuan.

Reported net income fell 72.2% from the prior-year period to 68.5 million yuan, or 4 fen per share, from 246.7 million yuan, or 19 fen per share.

As of Sept. 22, US$1 was equivalent to 6.67 yuan.