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SDIC Zhonglu Fruit Juice Q1 loss narrows YOY

SDIC Zhonglu Fruit Juice Co. Ltd. said its first-quarter normalized net income amounted to a loss of 1.3 million yuan, compared with a loss of 5.8 million yuan in the year-earlier period.

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

The normalized profit margin climbed to negative 0.5% from negative 2.9% in the year-earlier period.

Total revenue rose on an annual basis to 213.3 million yuan from 204.1 million yuan, and total operating expenses climbed from the prior-year period to 206.4 million yuan from 199.3 million yuan.

Reported net income totaled a loss of 2.8 million yuan, or a loss of 1 fen per share, compared to a loss of 8.4 million yuan, or a loss of 3 fen per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 6.20 yuan.