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Suzhou TA&A Q2 profit climbs 25.1% YOY

Suzhou TA&A Ultra Clean Technology Co. Ltd. said its second-quarter normalized net income was 3 fen per share, an increase from 3 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 8.7 million yuan, a gain of 25.1% from 7.0 million yuan in the year-earlier period.

The normalized profit margin climbed to 7.8% from 7.3% in the year-earlier period.

Total revenue grew 16.5% year over year to 112.1 million yuan from 96.2 million yuan, and total operating expenses rose 14.1% on an annual basis to 97.1 million yuan from 85.2 million yuan.

Reported net income increased 31.5% year over year to 12.2 million yuan, or 4 fen per share, from 9.3 million yuan, or 4 fen per share.

As of July 29, US$1 was equivalent to 6.21 yuan.