Rastar Group said its first-quarter normalized net income came to 5 fen per share, compared with the S&P Capital IQ consensus estimate of 4 fen per share.
EPS rose year over year from 2 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 61.5 million yuan, an increase from 18.2 million yuan in the year-earlier period.
The normalized profit margin rose to 23.3% from 3.6% in the year-earlier period.
Total revenue declined 46.0% on an annual basis to 273.9 million yuan from 506.8 million yuan, and total operating expenses fell 53.6% year over year to 218.0 million yuan from 469.8 million yuan.
Reported net income grew on an annual basis to 91.5 million yuan, or 7 fen per share, from 17.0 million yuan, or 2 fen per share.
As of April 20, US$1 was equivalent to 6.20 yuan.
