Sichuan Swellfun Co. Ltd. said its normalized net income for the first quarter came to 9 fen per share, compared with a loss of 13 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 45.1 million yuan, compared with a loss of 64.2 million yuan in the prior-year period.
The normalized profit margin climbed to 17.6% from negative 86.3% in the year-earlier period.
Total revenue increased on an annual basis to 263.6 million yuan from 74.3 million yuan, and total operating expenses grew 6.9% on an annual basis to 191.7 million yuan from 179.4 million yuan.
Reported net income came to 48.1 million yuan, or 10 fen per share, compared to a loss of 85.5 million yuan, or a loss of 18 fen per share, in the year-earlier period.
As of April 30, US$1 was equivalent to 6.20 yuan.
