trending Market Intelligence /marketintelligence/en/news-insights/trending/FIQ-jkCXygWy9K6nMwVBsg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

China XD Plastics Q2 profit climbs 21.0% YOY

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic

China XD Plastics Q2 profit climbs 21.0% YOY

China XD Plastics Co. said its normalized net income for the second quarter amounted to 38 cents per share, an increase of 20.1% from 32 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.7 million, a gain of 21.0% from $15.4 million in the year-earlier period.

The normalized profit margin rose to 7.0% from 5.8% in the year-earlier period.

Total revenue totaled $265.4 million, compared with $264.2 million in the year-earlier period, and total operating expenses decreased year over year to $227.6 million from $230.0 million.

Reported net income increased 28.3% from the prior-year period to $19.0 million, or 39 cents per share, from $14.8 million, or 30 cents per share.