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Qinqin Foodstuffs H1 profit falls YOY

4910384 said its normalized net income for the first half came to 5 fen per share, a decline of 22.2% 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 23.0 million yuan, a decline of 22.3% from 29.6 million yuan in the prior-year period.

Total revenue decreased 10.2% on an annual basis to 617.7 million yuan from 687.7 million yuan, and total operating expenses declined 9.6% from the prior-year period to 584.7 million yuan from 646.5 million yuan.

Reported net income fell 46.1% from the prior-year period to 19.2 million yuan, or 4 fen per share, from 35.7 million yuan, or 8 fen per share.

s of Sept. 14, US$1 was equivalent to 6.68 yuan.Qinqin Foodstuffs Group (Cayman) Company Ltd

4910384 said its normalized net income for the first half came to 5 fen per share, a decline of 22.2% from 6 fen per share in the prior-year period.