American Lorain Corp. said its normalized net income for the second quarter came to 1 cents per share, a decrease of 23.0% from 2 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $463,530, a decline of 20.4% from $582,390 in the prior-year period.
The normalized profit margin dropped to negative 1.1% from 1.6% in the year-earlier period.
Total revenue declined 10.0% year over year to $32.0 million from $35.5 million, and total operating expenses decreased 18.8% from the prior-year period to $28.7 million from $35.4 million.
Reported net income came to $7,820, or 0 cents per share, compared to a loss of $447,700, or a loss of 1 cents per share, in the year-earlier period.