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Yotrio Group Q1 profit climbs 53.9% YOY

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Yotrio Group Q1 profit climbs 53.9% YOY

Yotrio Group Co. Ltd. said its first-quarter normalized net income was 10 fen per share, a gain of 52.0% from 6 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 206.0 million yuan, an increase of 53.9% from 133.8 million yuan in the prior-year period.

The normalized profit margin rose to 13.1% from 10.2% in the year-earlier period.

Total revenue climbed 20.2% year over year to 1.58 billion yuan from 1.31 billion yuan, and total operating expenses climbed 15.8% on an annual basis to 1.33 billion yuan from 1.15 billion yuan.

Reported net income increased on an annual basis to 232.9 million yuan, or 11 fen per share, from 98.6 million yuan, or 5 fen per share.

As of April 27, US$1 was equivalent to 6.22 yuan.