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Anhui Deli Household Glass Q1 profit falls YOY

Anhui Deli Household Glass Co. Ltd. said its first-quarter normalized net income was 7.1 million yuan, a decline of 40.4% from 11.9 million 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 fell to 3.6% from 5.4% in the year-earlier period.

Total revenue declined 7.2% on an annual basis to 206.7 million yuan from 222.7 million yuan, and total operating expenses fell 5.6% year over year to 191.8 million yuan from 203.2 million yuan.

Reported net income fell 84.2% year over year to 2.4 million yuan, or 1 fen per share, from 15.3 million yuan.

As of April 27, US$1 was equivalent to 6.22 yuan.