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Anhui Xinhua Media Q2 profit falls YOY

Anhui Xinhua Media Co. Ltd. said its second-quarter normalized net income came to 6 fen per share, a decline of 18.4% from 7 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 106.0 million yuan, a decrease of 16.9% from 127.5 million yuan in the year-earlier period.

The normalized profit margin declined to 7.5% from 8.9% in the year-earlier period.

Total revenue rose 11.3% on an annual basis to 1.60 billion yuan from 1.43 billion yuan, and total operating expenses increased 10.4% year over year to 1.52 billion yuan from 1.38 billion yuan.

Reported net income decreased 5.0% from the prior-year period to 234.9 million yuan, or 13 fen per share, from 247.3 million yuan, or 14 fen per share.

As of Aug. 30, US$1 was equivalent to 6.67 yuan.