Guilin Layn Natural Ingredients Corp. said its first-quarter normalized net income was 2.6 million yuan, a gain from 696,490 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 rose to 3.4% from 1.0% in the year-earlier period.
Total revenue rose 24.3% on an annual basis to 83.3 million yuan from 67.0 million yuan, and total operating expenses grew 27.7% from the prior-year period to 77.1 million yuan from 60.4 million yuan.
Reported net income rose on an annual basis to 3.4 million yuan, or 1 fen per share, from 1.1 million yuan, or 0 fen per share.
As of April 23, US$1 was equivalent to 6.20 yuan.
