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Huangshan Tourism Development Q1 profit climbs 13.8% YOY

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Huangshan Tourism Development Q1 profit climbs 13.8% YOY

Huangshan Tourism Development Co. Ltd. said its first-quarter normalized net income came to 2 fen per share, an increase of 14.2% from 2 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 12.2 million yuan, an increase of 13.8% from 10.7 million yuan in the prior-year period.

The normalized profit margin increased to 6.2% from 4.9% in the year-earlier period.

Total revenue declined on an annual basis to 215.7 million yuan from 218.6 million yuan, and total operating expenses decreased on an annual basis to 197.4 million yuan from 200.3 million yuan.

Reported net income rose 5.3% year over year to 14.3 million yuan, or 2 fen per share, from 13.6 million yuan, or 2 fen per share.

As of April 23, US$1 was equivalent to 6.20 yuan.