trending Market Intelligence /marketintelligence/en/news-insights/trending/8dOlpKy1PniEq-siGY_QUA2 content esgSubNav
In This List

Shineco fiscal Q1 profit falls YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023


Investment Banking Essentials: February 21

Shineco fiscal Q1 profit falls YOY

Shineco Inc. said its normalized net income for the fiscal first quarter ended Sept. 30, 2015, was 5 cents per share, a decrease from 6 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.1 million, a decrease from $1.1 million in the prior-year period.

The normalized profit margin fell to 14.6% from 15.9% in the year-earlier period.

Total revenue grew 7.0% year over year to $7.3 million from $6.8 million, and total operating expenses climbed 9.7% year over year to $5.9 million from $5.4 million.

Reported net income fell 12.5% year over year to $1.4 million, or 7 cents per share, from $1.5 million, or 8 cents per share.