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Sino United Worldwide Consolidated Q1 profit climbs YOY

Sino United Worldwide Consolidated Ltd. said its first-quarter normalized net income amounted to 49 cents per share, a gain from 6 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $76,520, a gain from $9,360 in the prior-year period.

The normalized profit margin rose to 7.4% from 3.5% in the year-earlier period.

Total revenue increased year over year to $1.0 million from $269,430, and total operating expenses increased year over year to $895,600 from $251,590.

Reported net income increased from the prior-year period to $101,620, or 65 cents per share, from $14,980, or 10 cents per share.