China Communications Construction Co. Ltd. said its first-quarter normalized net income amounted to 15 fen per share, an increase of 30.7% from 11 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 2.40 billion yuan, a gain of 31.1% from 1.83 billion yuan in the prior-year period.
The normalized profit margin increased to 2.9% from 2.2% in the year-earlier period.
Total revenue came to 82.70 billion yuan, compared with 82.57 billion yuan in the year-earlier period, and total operating expenses came to 76.73 billion yuan, compared with 77.38 billion yuan in the prior-year period.
Reported net income rose 36.2% on an annual basis to 3.14 billion yuan, or 19 fen per share, from 2.31 billion yuan, or 14 fen per share.
As of April 27, US$1 was equivalent to 6.89 yuan.