Zhejiang Yasha Decoration Co. Ltd. said its normalized net income for the first quarter amounted to 14 fen per share, compared with the S&P Capital IQ consensus estimate of 18 fen per share.
EPS fell year over year from 14 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 184.4 million yuan, a gain of 4.9% from 175.7 million yuan in the year-earlier period.
The normalized profit margin rose to 6.9% from 6.5% in the year-earlier period.
Total revenue totaled 2.70 billion yuan, compared with 2.70 billion yuan in the year-earlier period, and total operating expenses totaled 2.39 billion yuan, compared with 2.41 billion yuan in the year-earlier period.
Reported net income came to 200.2 million yuan, or 15 fen per share, compared to 198.7 million yuan, or 16 fen per share, in the prior-year period.
As of April 28, US$1 was equivalent to 6.20 yuan.
