Beijing Capital Retailing Group Co. Ltd. said its normalized net income for the first quarter amounted to 9 fen per share, an increase from 9 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 61.8 million yuan, a gain from 59.6 million yuan in the year-earlier period.
The normalized profit margin climbed to 2.0% from 1.8% in the year-earlier period.
Total revenue declined year over year to 3.13 billion yuan from 3.24 billion yuan, and total operating expenses fell from the prior-year period to 2.94 billion yuan from 3.06 billion yuan.
Reported net income grew on an annual basis to 71.1 million yuan, or 11 fen per share, from 68.2 million yuan, or 10 fen per share.
As of April 24, US$1 was equivalent to 6.19 yuan.
