Hainan Dadonghai Tourism Centre (Holdings) Co. Ltd. said its normalized net income for the first quarter amounted to 1.2 million yuan, compared with a loss of 70,580 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 rose to 14.2% from negative 1.1% in the year-earlier period.

Total revenue rose 36.2% on an annual basis to 8.5 million yuan from 6.3 million yuan, and total operating expenses declined 13.3% on an annual basis to 6.6 million yuan from 7.6 million yuan.

Reported net income totaled 1.4 million yuan, or 0 fen per share, compared to a loss of 112,930 yuan, or a loss of 0 fen per share, in the prior-year period.

As of April 22, US$1 was equivalent to 6.50 yuan.