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China Lilang H1 profit climbs 14.7% YOY

China Lilang Ltd. said its normalized net income for the first half amounted to 20 fen per share, a gain of 14.4% 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 242.4 million yuan, a gain of 14.7% from 211.4 million yuan in the year-earlier period.

Total revenue rose 9.0% on an annual basis to 1.19 billion yuan from 1.09 billion yuan, and total operating expenses rose 6.2% year over year to 844.9 million yuan from 795.5 million yuan.

Reported net income grew 11.4% on an annual basis to 276.4 million yuan, or 23 fen per share, from 248.1 million yuan, or 21 fen per share.

As of Aug. 10, US$1 was equivalent to 6.21 yuan.