CNPC Capital Co. Ltd. said its normalized net income for the second quarter came to a loss of 65.3 million yuan, compared with income of 4,190 yuan in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 0.7% from 0.0% in the year-earlier period.
Total revenue fell 70.1% year over year to 109.8 million yuan from 366.7 million yuan, and total operating expenses declined 44.7% from the prior-year period to 198.3 million yuan from 358.8 million yuan.
Reported net income came to a loss of 116.8 million yuan, or a loss of 40 fen per share, compared with income of 3.8 million yuan, or 1 fen per share, in the year-earlier period.
As of Aug. 30, US$1 was equivalent to 6.67 yuan.
