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Xi'an Tourism Q1 loss widens 9.7% YOY

Xi'an Tourism Co. Ltd. said its first-quarter normalized net income was a loss of 3 fen per share, compared with a loss of 3 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 a loss of 5.7 million yuan, compared with a loss of 5.2 million yuan in the year-earlier period.

The normalized profit margin fell to negative 5.9% from negative 5.8% in the year-earlier period.

Total revenue came to 89.0 million yuan, compared with 89.1 million yuan in the year-earlier period, and total operating expenses increased on an annual basis to 99.2 million yuan from 98.2 million yuan.

Reported net income came to a loss of 8.6 million yuan, or a loss of 4 fen per share, compared to a loss of 8.6 million yuan, or a loss of 4 fen per share, in the year-earlier period.

As of April 17, US$1 was equivalent to 6.20 yuan.