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Sino-Life Group Q2 loss narrows YOY

4913826 said its second-quarter normalized net income amounted to a loss of 847,500 yuan, compared with a loss of 1.4 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 rose to negative 6.9% from negative 9.9% in the year-earlier period.

Total revenue declined 14.6% on an annual basis to 12.3 million yuan from 14.4 million yuan, and total operating expenses declined 16.8% on an annual basis to 13.8 million yuan from 16.5 million yuan.

Reported net income totaled a loss of 1.3 million yuan, or a loss of 0 fen per share, compared to a loss of 2.2 million yuan, or a loss of 0 fen per share, in the year-earlier period.

s of Aug. 11, US$1 was equivalent to 6.64 yuan.Sino-Life Group Ltd

4913826 said its second-quarter normalized net income amounted to a loss of 847,500 yuan, compared with a loss of 1.4 million yuan in the prior-year period.