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Hainan Dadonghai Tourism Centre Q2 loss narrows YOY

Hainan Dadonghai Tourism Centre (Holdings) Co. Ltd. said its normalized net income for the second quarter came to a loss of 1.1 million yuan, compared with a loss of 2.0 million yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 30.1% from negative 94.8% in the year-earlier period.

Total revenue climbed 63.8% year over year to 3.5 million yuan from 2.2 million yuan, and total operating expenses came to 5.5 million yuan, compared with 5.5 million yuan in the prior-year period.

Reported net income came to a loss of 1.3 million yuan, or a loss of 0 fen per share, compared to a loss of 3.3 million yuan, or a loss of 1 fen per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to 6.63 yuan.