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Baida Group Q4 profit falls YOY

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Baida Group Q4 profit falls YOY

4912562 said its fourth-quarter normalized net income was 5 fen per share, a decline of 65.1% from 13 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 18.1 million yuan, a decrease of 64.8% from 51.4 million yuan in the year-earlier period.

The normalized profit margin dropped to 3.5% from 14.2% in the year-earlier period.

Total revenue fell on an annual basis to 350.3 million yuan from 362.8 million yuan, and total operating expenses climbed 11.2% from the prior-year period to 323.8 million yuan from 291.1 million yuan.

Reported net income rose 29.9% on an annual basis to 36.8 million yuan, or 9 fen per share, from 28.3 million yuan, or 7 fen per share.

For the year, the company's normalized net income totaled 25 fen per share, a fall of 21.6% from 31 fen per share in the prior year.

Normalized net income was 93.7 million yuan, a fall of 21.5% from 119.3 million yuan in the prior year.

Full-year total revenue rose year over year to 1.10 billion yuan from 1.05 billion yuan, and total operating expenses rose 9.1% year over year to 982.2 million yuan from 900.6 million yuan.

The company said reported net income decreased 9.6% on an annual basis to 140.6 million yuan, or 37 fen per share, in the full year, from 155.6 million yuan, or 41 fen per share.

s of March 30, US$1 was equivalent to 6.47 yuan.Baida Group Co. Ltd.

4912562 said its fourth-quarter normalized net income was 5 fen per share, a decline of 65.1% from 13 fen per share in the year-earlier period.