Sichuan Datong Gas Development Co. Ltd. said its normalized net income for the second quarter amounted to 2 fen per share, a gain of 7.0% 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 4.8 million yuan, a gain of 20.8% from 4.0 million yuan in the year-earlier period.
The normalized profit margin fell to 2.9% from 4.2% in the year-earlier period.
Total revenue rose 35.9% on an annual basis to 129.2 million yuan from 95.1 million yuan, and total operating expenses rose 34.4% on an annual basis to 119.4 million yuan from 88.8 million yuan.
Reported net income decreased year over year to 4.5 million yuan, or 1 fen per share, from 4.7 million yuan, or 2 fen per share.
As of Aug. 26, US$1 was equivalent to 6.67 yuan.