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Yamada Green Resources fiscal Q3 profit falls YOY

Yamada Green Resources Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 22 fen per share, a decline of 15.6% from 26 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 23.4 million yuan, a decline of 11.2% from 26.3 million yuan in the prior-year period.

The normalized profit margin increased to 11.8% from 10.2% in the year-earlier period.

Total revenue fell 23.0% year over year to 198.1 million yuan from 257.2 million yuan, and total operating expenses declined 24.9% from the prior-year period to 161.6 million yuan from 215.2 million yuan.

Reported net income fell 11.4% year over year to 34.6 million yuan, or 32 fen per share, from 39.0 million yuan, or 38 fen per share.

As of May 13, US$1 was equivalent to 6.20 yuan.