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Zhejiang Tiancheng Q1 profit climbs 47.1% YOY

4914159 said its normalized net income for the first quarter amounted to 3 fen per share, an increase of 56.4% 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 4.6 million yuan, a gain of 47.1% from 3.1 million yuan in the prior-year period.

The normalized profit margin climbed to 6.8% from 5.2% in the year-earlier period.

Total revenue grew 5.5% on an annual basis to 63.0 million yuan from 59.7 million yuan, and total operating expenses came to 55.7 million yuan, compared with 55.2 million yuan in the year-earlier period.

eported net income rose 50.6% year over year Zhejiang Tiancheng Controls Co. Ltd.