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ZheJiang Jasan Holding Q1 profit climbs 28.5% YOY

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ZheJiang Jasan Holding Q1 profit climbs 28.5% YOY

ZheJiang Jasan Holding Group Co. Ltd. said its normalized net income for the first quarter amounted to 7 fen per share, a gain of 13.0% from 6 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 17.0 million yuan, an increase of 28.5% from 13.2 million yuan in the year-earlier period.

The normalized profit margin climbed to 10.7% from 10.1% in the year-earlier period.

Total revenue grew 21.8% on an annual basis to 159.1 million yuan from 130.5 million yuan, and total operating expenses increased 22.1% from the prior-year period to 128.5 million yuan from 105.2 million yuan.

Reported net income rose 21.9% year over year to 20.1 million yuan, or 8 fen per share, from 16.5 million yuan, or 7 fen per share.

As of April 20, US$1 was equivalent to 6.20 yuan.