trending Market Intelligence /marketintelligence/en/news-insights/trending/K_3R1FKheKLNO5JJg5rOoQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Lanzhou Sanmao Industrial Q2 loss widens YOY

Capital Markets View – February 2021

Blog

What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Blog

Latin America multichannel, broadband market 2020 recap

Blog

TMT News & Insights: February 2021


Lanzhou Sanmao Industrial Q2 loss widens YOY

Lanzhou Sanmao Industrial Co. Ltd. said its normalized net income for the second quarter came to a loss of 7 fen per share, compared with a loss of 2 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 a loss of 12.1 million yuan, compared with a loss of 4.6 million yuan in the prior-year period.

The normalized profit margin fell to negative 19.0% from negative 8.5% in the year-earlier period.

Total revenue climbed 8.7% year over year to 58.9 million yuan from 54.2 million yuan, and total operating expenses climbed 12.8% from the prior-year period to 70.0 million yuan from 62.0 million yuan.

Reported net income totaled a loss of 17.9 million yuan, or a loss of 10 fen per share, compared to a loss of 7.3 million yuan, or a loss of 4 fen per share, in the year-earlier period.

As of July 29, US$1 was equivalent to 6.63 yuan.