China State Construction Engineering Corp. Ltd. said its second-quarter normalized net income came to 20 fen per share, an increase of 18.5% from 17 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 6.02 billion yuan, an increase of 24.0% from 4.86 billion yuan in the prior-year period.
The normalized profit margin increased to 2.7% from 2.3% in the year-earlier period.
Total revenue rose on an annual basis to 219.97 billion yuan from 211.39 billion yuan, and total operating expenses grew on an annual basis to 203.39 billion yuan from 198.00 billion yuan.
Reported net income came to 7.10 billion yuan, or 23 fen per share, compared with 7.07 billion yuan, or 24 fen per share, in the year-earlier period.
As of Aug. 24, US$1 was equivalent to 6.40 yuan.
