Yantai Shuangta Food Co. Ltd. said its normalized net income for the first quarter came to 2 fen per share, a gain of 48.4% from 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 31.2 million yuan, a gain of 48.3% from 21.0 million yuan in the year-earlier period.
The normalized profit margin increased to 13.1% from 9.7% in the year-earlier period.
Total revenue climbed 12.9% year over year to 245.7 million yuan from 217.7 million yuan, and total operating expenses increased 11.8% year over year to 200.0 million yuan from 179.0 million yuan.
Reported net income rose 60.9% year over year to 46.0 million yuan, or 4 fen per share, from 28.6 million yuan, or 2 fen per share.
As of April 28, US$1 was equivalent to 6.20 yuan.
