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Shanghai Maling Aquarius Q2 profit climbs YOY

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Shanghai Maling Aquarius Q2 profit climbs YOY

Shanghai Maling Aquarius Co. Ltd. said its normalized net income for the second quarter amounted to 3 fen per share, a gain from 1 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 27.1 million yuan, a gain from 13.1 million yuan in the year-earlier period.

The normalized profit margin increased to 1.2% from 0.4% in the year-earlier period.

Total revenue fell on an annual basis to 3.00 billion yuan from 3.06 billion yuan, and total operating expenses decreased 5.3% from the prior-year period to 2.86 billion yuan from 3.02 billion yuan.

Reported net income grew from the prior-year period to 74.8 million yuan, or 8 fen per share, from 13.8 million yuan, or 1 fen per share.

As of Aug. 18, US$1 was equivalent to 6.63 yuan.