trending Market Intelligence /marketintelligence/en/news-insights/trending/Bkx39DDQj2AAFVx6Nh1DcQ2 content esgSubNav
In This List

China Kangda Food swings to profit in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


China Kangda Food swings to profit in Q1

China Kangda Food Company Ltd said its first-quarter normalized net income was 524,130 yuan, compared with a loss of 1.4 million yuan in the prior-year period.

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

The normalized profit margin climbed to 0.2% from negative 0.5% in the year-earlier period.

Total revenue declined 10.7% year over year to 275.6 million yuan from 308.7 million yuan, and total operating expenses fell 12.4% year over year to 264.4 million yuan from 302.0 million yuan.

Reported net income declined 41.8% from the prior-year period to 3.3 million yuan, or 1 fen per share, from 5.7 million yuan, or 1 fen per share.

As of April 30, US$1 was equivalent to 6.20 yuan.