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NanJi E-Commerce Q1 profit climbs YOY

NanJi E-Commerce Co. Ltd. said its normalized net income for the first quarter amounted to 8.7 million yuan, a gain from 3.4 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 29.7% from 10.1% in the year-earlier period.

Total revenue increased 28.1% year over year to 42.6 million yuan from 33.2 million yuan, and total operating expenses grew on an annual basis to 29.9 million yuan from 29.2 million yuan.

Reported net income grew year over year to 16.3 million yuan, or 1 fen per share, from 4.4 million yuan, or 1 fen per share.

As of April 28, US$1 was equivalent to 6.48 yuan.