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Guilin Layn Natural Ingredients Q1 profit climbs YOY

4914610 said its normalized net income for the first quarter was 10.9 million yuan, an increase from 2.2 million 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 increased to 10.2% from 3.4% in the year-earlier period.

Total revenue increased 65.4% on an annual basis to 109.1 million yuan from 65.9 million yuan, and total operating expenses increased 50.0% year over year to 89.5 million yuan from 59.7 million yuan.

Reported net income increased year over year to 16.7 million yuan, or 4 fen per share, from 3.4 million yuan, or 1 fen per share.

s of April 29, US$1 was equivalent to 6.48 yuan.Guilin Layn Natural Ingredients Corp.

4914610 said its normalized net income for the first quarter was 10.9 million yuan, an increase from 2.2 million yuan in the prior-year period.