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Aucma Q1 profit climbs 7.1% YOY

Aucma Co.Ltd. said its normalized net income for the first quarter amounted to 3 fen per share, a gain of 6.9% from 3 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 19.3 million yuan, a gain of 7.1% from 18.0 million yuan in the prior-year period.

The normalized profit margin climbed to 2.3% from 1.9% in the year-earlier period.

Total revenue decreased year over year to 932.5 million yuan from 973.3 million yuan, and total operating expenses decreased year over year to 893.7 million yuan from 935.1 million yuan.

Reported net income rose 25.5% from the prior-year period to 23.4 million yuan, or 3 fen per share, from 18.6 million yuan, or 3 fen per share.

As of April 29, US$1 was equivalent to 6.20 yuan.