Shanghai Canature Environmental Products Co. Ltd. said its normalized net income for the first quarter was 2 fen per share, a gain of 16.7% from 1 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 6.7 million yuan, a gain of 16.5% from 5.8 million yuan in the year-earlier period.
The normalized profit margin increased to 9.0% from 8.4% in the year-earlier period.
Total revenue climbed 8.9% on an annual basis to 74.8 million yuan from 68.7 million yuan, and total operating expenses increased 8.9% year over year to 66.0 million yuan from 60.6 million yuan.
Reported net income rose 14.2% year over year to 8.5 million yuan, or 2 fen per share, from 7.4 million yuan, or 2 fen per share.
As of April 22, US$1 was equivalent to 6.19 yuan.
