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Zhang Jia Jie Tourism Q1 loss narrows YOY

Zhang Jia Jie Tourism Group Co. Ltd. said its normalized net income for the first quarter came to a loss of 2.5 million yuan, compared with a loss of 4.2 million yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 3.5% from negative 9.6% in the year-earlier period.

Total revenue rose 52.0% year over year to 67.2 million yuan from 44.2 million yuan, and total operating expenses climbed 37.5% from the prior-year period to 69.4 million yuan from 50.5 million yuan.

Reported net income totaled a loss of 4.5 million yuan, or a loss of 1 fen per share, compared to a loss of 7.3 million yuan, or a loss of 2 fen per share, in the prior-year period.

As of April 24, US$1 was equivalent to 6.19 yuan.