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Anhui Kouzi Q1 profit climbs 34.8% YOY

Anhui Kouzi Distillery Co. Ltd. said its first-quarter normalized net income amounted to 150.4 million yuan, an increase of 34.8% from 111.6 million yuan in the prior-year period.

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

The normalized profit margin climbed to 20.5% from 16.8% in the year-earlier period.

Total revenue increased 10.9% year over year to 738.1 million yuan from 665.7 million yuan, and total operating expenses climbed on an annual basis to 497.4 million yuan from 487.1 million yuan.

Reported net income grew 36.0% year over year to 174.6 million yuan, or 32 fen per share, from 128.4 million yuan.

As of June 10, US$1 was equivalent to 6.20 yuan.