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Chinese All Digital Publishing Q1 loss narrows YOY

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Chinese All Digital Publishing Q1 loss narrows YOY

COL Digital Publishing Group Co. Ltd. said its first-quarter normalized net income came to a loss of 2 fen per share, compared with a loss of 2 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 a loss of 9.1 million yuan, compared with a loss of 9.2 million yuan in the prior-year period.

The normalized profit margin increased to negative 12.0% from negative 18.6% in the year-earlier period.

Total revenue climbed 47.6% year over year to 72.8 million yuan from 49.3 million yuan, and total operating expenses increased 29.1% year over year to 84.6 million yuan from 65.6 million yuan.

Reported net income totaled a loss of 14.3 million yuan, or a loss of 2 fen per share, compared to a loss of 15.1 million yuan, or a loss of 3 fen per share, in the prior-year period.

As of April 26, US$1 was equivalent to 6.50 yuan.