Sichuan Tuopai Shede Spirits Co. Ltd. said its normalized net income for the second quarter came to 2.6 million yuan, an increase from 430,180 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 climbed to 1.0% from 0.1% in the year-earlier period.
Total revenue decreased 18.3% year over year to 312.1 million yuan from 382.1 million yuan, and total operating expenses decreased 18.4% year over year to 305.0 million yuan from 373.6 million yuan.
Reported net income decreased from the prior-year period to 2.4 million yuan, or 1 fen per share, from 2.4 million yuan, or 1 fen per share.
As of Aug. 20, US$1 was equivalent to 6.39 yuan.