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Eastern Gold Jade Q2 profit climbs 14.5% YOY

Eastern Gold Jade Co. Ltd. said its normalized net income for the second quarter came to 6 fen per share, a decrease of 10.4% from 6 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 74.8 million yuan, a gain of 14.5% from 65.3 million yuan in the prior-year period.

The normalized profit margin fell to 2.8% from 6.2% in the year-earlier period.

Total revenue grew on an annual basis to 2.72 billion yuan from 1.05 billion yuan, and total operating expenses grew year over year to 2.59 billion yuan from 937.7 million yuan.

Reported net income grew year over year to 92.0 million yuan, or 7 fen per share, from 27.8 million yuan, or 3 fen per share.

As of July 29, US$1 was equivalent to 6.21 yuan.