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Zhang Jia Jie Tourism Q2 profit climbs 82.3% YOY

Zhang Jia Jie Tourism Group Co. Ltd said its second-quarter normalized net income came to 13 fen per share, an increase of 87.9% from 7 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 42.0 million yuan, a gain of 82.3% from 23.0 million yuan in the year-earlier period.

The normalized profit margin climbed to 23.9% from 18.3% in the year-earlier period.

Total revenue increased 39.3% on an annual basis to 175.5 million yuan from 126.0 million yuan, and total operating expenses grew 22.7% year over year to 106.6 million yuan from 86.9 million yuan.

Reported net income grew 96.7% on an annual basis to 53.4 million yuan, or 16 fen per share, from 27.2 million yuan, or 8 fen per share.

As of Aug. 17, US$1 was equivalent to 6.40 yuan.