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Dalian Sunasia Tourism Holding Q1 loss widens 18.4% YOY

Dalian Sunasia Tourism Holding CO.LTD said its normalized net income for the first quarter was a loss of 6 fen per share, compared with a loss of 5 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 5.2 million yuan, compared with a loss of 4.4 million yuan in the prior-year period.

The normalized profit margin fell to negative 12.5% from negative 10.7% in the year-earlier period.

Total revenue came to 41.1 million yuan, compared with 41.1 million yuan in the year-earlier period, and total operating expenses grew 8.1% from the prior-year period to 49.6 million yuan from 45.9 million yuan.

Reported net income totaled a loss of 9.6 million yuan, or a loss of 10 fen per share, compared to a loss of 6.4 million yuan, or a loss of 7 fen per share, in the year-earlier period.

As of April 27, US$1 was equivalent to 6.50 yuan.