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Lawton Development Q2 loss widens YOY

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Lawton Development Q2 loss widens YOY

4984785 said its second-quarter normalized net income came to a loss of 15.5 million yuan, compared with a loss of 2.9 million 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 fell to negative 172.8% from negative 35.3% in the year-earlier period.

Total revenue grew 9.9% year over year to 9.0 million yuan from 8.2 million yuan, and total operating expenses grew on an annual basis to 42.7 million yuan from 17.9 million yuan.

Reported net income came to a loss of 32.4 million yuan, or a loss of 7 fen per share, compared to a loss of 7.8 million yuan, or a loss of 2 fen per share, in the prior-year period.

s of Aug. 5, US$1 was equivalent to 6.65 yuan.Lawton Development Co. Ltd.

4984785 said its second-quarter normalized net income came to a loss of 15.5 million yuan, compared with a loss of 2.9 million yuan in the prior-year period.