Zhejiang Century Huatong Group Co.Ltd said its normalized net income for the first quarter was 4 fen per share, an increase of 30.3% from 3 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 39.9 million yuan, an increase from 16.4 million yuan in the year-earlier period.
The normalized profit margin climbed to 8.0% from 5.0% in the year-earlier period.
Total revenue increased 51.6% year over year to 497.0 million yuan from 327.9 million yuan, and total operating expenses grew 43.3% from the prior-year period to 430.2 million yuan from 300.3 million yuan.
Reported net income grew on an annual basis to 54.7 million yuan, or 6 fen per share, from 21.3 million yuan, or 4 fen per share.
As of April 24, US$1 was equivalent to 6.19 yuan.
