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China National Nuclear Power Q1 profit climbs 33.4% YOY

China National Nuclear Power Co. Ltd. said its normalized net income for the first quarter came to 4 fen per share, an increase of 33.0% from 3 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 667.1 million yuan, a gain of 33.4% from 500.2 million yuan in the year-earlier period.

The normalized profit margin rose to 8.4% from 7.5% in the year-earlier period.

Total revenue rose 19.2% year over year to 7.97 billion yuan from 6.68 billion yuan, and total operating expenses increased 18.6% on an annual basis to 5.02 billion yuan from 4.23 billion yuan.

Reported net income grew 20.3% on an annual basis to 1.21 billion yuan, or 8 fen per share, from 1.01 billion yuan, or 7 fen per share.

As of April 26, US$1 was equivalent to 6.89 yuan.