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Hna-Caissa Travel Q1 profit climbs 52.3% YOY

4980599 said its first-quarter normalized net income was 2 fen per share, a gain of 29.1% from 1 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 15.2 million yuan, an increase of 52.3% from 10.0 million yuan in the year-earlier period.

The normalized profit margin dropped to 1.2% from 1.3% in the year-earlier period.

Total revenue grew 56.9% on an annual basis to 1.23 billion yuan from 783.6 million yuan, and total operating expenses climbed 55.9% from the prior-year period to 1.18 billion yuan from 754.7 million yuan.

Reported net income rose 64.2% from the prior-year period to 16.2 million yuan, or 2 fen per share, from 9.9 million yuan, or 1 fen per share.

s of April 28, US$1 was equivalent to 6.48 yuan.Hna-Caissa Travel Group Co. Ltd.

4980599 said its first-quarter normalized net income was 2 fen per share, a gain of 29.1% from 1 fen per share in the prior-year period.