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Beijing Urban-Rural Trade Centre Q1 profit climbs 6.9% YOY

Beijing Urban-Rural Trade Centre Co. Ltd. said its normalized net income for the first quarter was 9 fen per share, an increase of 6.8% from 8 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 27.4 million yuan, a gain of 6.9% from 25.6 million yuan in the prior-year period.

The normalized profit margin dropped to 3.7% from 4.2% in the year-earlier period.

Total revenue grew 18.7% year over year to 731.8 million yuan from 616.5 million yuan, and total operating expenses climbed 16.6% year over year to 679.7 million yuan from 582.7 million yuan.

Reported net income declined from the prior-year period to 28.3 million yuan, or 9 fen per share, from 28.7 million yuan, or 9 fen per share.

As of April 29, US$1 was equivalent to 6.48 yuan.