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Shenzhen Tellus Holding Q2 profit climbs 52.2% YOY

Shenzhen Tellus Holding Co. Ltd. said its second-quarter normalized net income amounted to 2 fen per share, a gain of 38.7% from 2 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 7.3 million yuan, an increase of 52.2% from 4.8 million yuan in the prior-year period.

The normalized profit margin increased to 9.5% from 6.2% in the year-earlier period.

Total revenue came to 77.4 million yuan, compared with 77.2 million yuan in the year-earlier period, and total operating expenses totaled 70.0 million yuan, compared with 69.4 million yuan in the prior-year period.

Reported net income increased 68.8% on an annual basis to 11.6 million yuan, or 4 fen per share, from 6.9 million yuan, or 3 fen per share.

As of Aug. 25, US$1 was equivalent to 6.66 yuan.