Guangdong Chant Group Inc. said its normalized net income for the first quarter came to 3 fen per share, an increase of 94.6% 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 24.5 million yuan, an increase from 11.1 million yuan in the prior-year period.
The normalized profit margin rose to 6.9% from 3.6% in the year-earlier period.
Total revenue climbed 15.1% year over year to 354.2 million yuan from 307.7 million yuan, and total operating expenses rose 8.3% from the prior-year period to 315.2 million yuan from 291.1 million yuan.
Reported net income came to 25.0 million yuan, or 4 fen per share, compared to a loss of 4.7 million yuan, or a loss of 1 fen per share, in the year-earlier period.
As of April 24, US$1 was equivalent to 6.19 yuan.
