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Anhui Yingjia Distillery Q1 profit climbs 15.4% YOY

Anhui Yingjia Distillery Co. Ltd. said its first-quarter normalized net income amounted to 24 fen per share, a gain of 14.1% from 21 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 175.7 million yuan, a gain of 15.4% from 152.2 million yuan in the year-earlier period.

The normalized profit margin climbed to 19.0% from 17.1% in the year-earlier period.

Total revenue grew 5.3% year over year to 937.0 million yuan from 890.0 million yuan, and total operating expenses came to 655.8 million yuan, compared with 650.5 million yuan in the year-earlier period.

Reported net income grew 16.1% year over year to 206.5 million yuan, or 29 fen per share, from 177.9 million yuan, or 25 fen per share.

As of May 11, US$1 was equivalent to 6.21 yuan.