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China National Nuclear Power Q1 profit climbs 93.2% YOY

China National Nuclear Power Co. Ltd. said its first-quarter normalized net income was 4 fen per share, a gain of 93.3% 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 524.7 million yuan, an increase of 93.2% from 271.6 million yuan in the year-earlier period.

The normalized profit margin climbed to 9.1% from 6.2% in the year-earlier period.

Total revenue increased 45.1% on an annual basis to 6.36 billion yuan from 4.39 billion yuan, and total operating expenses increased 31.2% year over year to 3.62 billion yuan from 2.76 billion yuan.

Reported net income increased 83.9% from the prior-year period to 1.08 billion yuan, or 9 fen per share, from 585.4 million yuan, or 5 fen per share.

As of April 20, US$1 was equivalent to 6.20 yuan.