Sino-Life Group Ltd said its first-quarter normalized net income came to 1.2 million yuan, an increase of 60.1% from 726,380 yuan in the year-earlier period.

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

The normalized profit margin rose to 7.5% from 4.5% in the year-earlier period.

Total revenue decreased 5.1% on an annual basis to 15.4 million yuan from 16.2 million yuan, and total operating expenses fell 8.3% on an annual basis to 14.3 million yuan from 15.6 million yuan.

Reported net income grew 87.5% on an annual basis to 1.3 million yuan, or 0 fen per share, from 687,000 yuan, or 0 fen per share.

As of May 12, US$1 was equivalent to 6.51 yuan.