trending Market Intelligence /marketintelligence/en/news-insights/trending/FZXV2wYNrYjuASjBHKAqnQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

But'one Information Q2 loss widens 8.8% YOY

Blog

Banking Essentials Newsletter, January edition - part 2

Blog

European Energy Insights – January 2021

Blog

Essential Metals & Mining Insights - January 2021

Blog

Essential Energy Insights - January 2021


But'one Information Q2 loss widens 8.8% YOY

But'one Information Corp. Xi'an said its normalized net income for the second quarter was a loss of 4 fen per share, compared with a loss of 3 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 a loss of 2.3 million yuan, compared with a loss of 2.1 million yuan in the prior-year period.

The normalized profit margin declined to negative 5.7% from negative 5.4% in the year-earlier period.

Total revenue decreased 7.9% year over year to 35.5 million yuan from 38.6 million yuan, and total operating expenses declined 8.4% on an annual basis to 35.4 million yuan from 38.6 million yuan.

Reported net income came to a loss of 2.8 million yuan, or a loss of 4 fen per share, compared to a loss of 3.3 million yuan, or a loss of 5 fen per share, in the year-earlier period.

As of Aug. 19, US$1 was equivalent to 6.65 yuan.