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Oceanus Group Q2 loss widens YOY

Oceanus Group Ltd said its normalized net income for the second quarter was a loss of 29.9 million yuan, compared with a loss of 5.8 million yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of 48.1 million yuan, or a loss of 1 fen per share, compared to a loss of 9.1 million yuan, or a loss of 0 fen per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to 6.63 yuan.