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Dalian Tianbao Green Foods Q1 profit climbs 10.9% YOY

Dalian Tianbao Green Foods Co. Ltd. said its normalized net income for the first quarter came to 2 fen per share, an increase of 6.6% from 2 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 11.5 million yuan, an increase of 10.9% from 10.4 million yuan in the prior-year period.

The normalized profit margin increased to 4.4% from 4.3% in the year-earlier period.

Total revenue climbed 11.2% on an annual basis to 267.3 million yuan from 240.4 million yuan, and total operating expenses increased 8.4% on an annual basis to 233.0 million yuan from 215.0 million yuan.

Reported net income totaled 18.8 million yuan, or 4 fen per share, compared to 18.1 million yuan, or 4 fen per share, in the year-earlier period.

As of April 23, US$1 was equivalent to 6.20 yuan.