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Shanghai Yaoji Playing Card Q1 profit falls YOY

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Shanghai Yaoji Playing Card Q1 profit falls YOY

Shanghai Yaoji Playing Card Co. Ltd. said its first-quarter normalized net income amounted to 7 fen per share, a decline of 9.9% from 8 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.7 million yuan, a decrease of 9.8% from 30.7 million yuan in the prior-year period.

The normalized profit margin dropped to 12.2% from 14.5% in the year-earlier period.

Total revenue grew 7.0% year over year to 227.0 million yuan from 212.2 million yuan, and total operating expenses increased 7.5% from the prior-year period to 177.2 million yuan from 164.8 million yuan.

Reported net income decreased 9.8% on an annual basis to 33.1 million yuan, or 9 fen per share, from 36.7 million yuan, or 10 fen per share.

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