trending Market Intelligence /marketintelligence/en/news-insights/trending/7MAhrHzfKVAwulhLvlgsrg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Lanzhou Minbai Shareholding Q2 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Lanzhou Minbai Shareholding Q2 profit falls YOY

Lanzhou Minbai Shareholding (group) Co. Ltd. said its normalized net income for the second quarter amounted to 6 fen per share, a decline of 5.2% from 6 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.4 million yuan, a decrease from 21.3 million yuan in the prior-year period.

The normalized profit margin climbed to 7.9% from 7.9% in the year-earlier period.

Total revenue fell 5.1% year over year to 257.7 million yuan from 271.5 million yuan, and total operating expenses declined 6.5% on an annual basis to 225.4 million yuan from 241.1 million yuan.

Reported net income fell on an annual basis to 24.4 million yuan, or 7 fen per share, from 25.2 million yuan, or 7 fen per share.

As of July 23, US$1 was equivalent to 6.21 yuan.