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Zhongxin Fruit & Juice fiscal H1 profit climbs YOY

Zhongxin Fruit & Juice Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to 3.4 million yuan, an increase from 1.0 million yuan in the prior-year period.

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

Total revenue decreased 12.5% on an annual basis to 58.0 million yuan from 66.4 million yuan, and total operating expenses declined on an annual basis to 57.2 million yuan from 59.7 million yuan.

Reported net income grew from the prior-year period to 4.7 million yuan, or 0 fen per share, from 1.4 million yuan, or 0 fen per share.

As of Feb. 1, US$1 was equivalent to 6.57 yuan.