Lotus Health Group Co. said its normalized net income for the first quarter was a loss of 4 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 40.4 million yuan, compared with a loss of 25.0 million yuan in the prior-year period.
The normalized profit margin fell to negative 9.4% from negative 5.6% in the year-earlier period.
Total revenue decreased on an annual basis to 428.9 million yuan from 445.8 million yuan, and total operating expenses totaled 497.4 million yuan, compared with 500.7 million yuan in the year-earlier period.
Reported net income came to a loss of 71.2 million yuan, or a loss of 7 fen per share, compared to a loss of 40.7 million yuan, or a loss of 4 fen per share, in the year-earlier period.
As of April 29, US$1 was equivalent to 6.20 yuan.
