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Shenzhen Kondarl (Group) Q1 profit climbs YOY

Shenzhen Kondarl (Group) Co. Ltd. said its first-quarter normalized net income came to 1 fen per share, a gain from 1 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 4.6 million yuan, a gain from 4.5 million yuan in the year-earlier period.

The normalized profit margin rose to 1.5% from 1.4% in the year-earlier period.

Total revenue rose 10.5% on an annual basis to 366.4 million yuan from 331.7 million yuan, and total operating expenses grew 9.5% year over year to 356.1 million yuan from 325.2 million yuan.

Reported net income increased 85.6% from the prior-year period to 6.0 million yuan, or 2 fen per share, from 3.2 million yuan, or 1 fen per share.

As of April 29, US$1 was equivalent to 6.20 yuan.