trending Market Intelligence /marketintelligence/en/news-insights/trending/STHPv4NfH7-pdjQo16tlrg2 content esgSubNav
In This List

Zhejiang Meida Industrial Q1 profit climbs 10.1% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Zhejiang Meida Industrial Q1 profit climbs 10.1% YOY

Zhejiang Meida Industrial Co. Ltd. said its first-quarter normalized net income was 3 fen per share, a gain of 16.2% from 3 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 18.7 million yuan, a gain of 10.1% from 17.0 million yuan in the year-earlier period.

The normalized profit margin rose to 23.3% from 22.1% in the year-earlier period.

Total revenue climbed year over year to 80.4 million yuan from 76.9 million yuan, and total operating expenses grew from the prior-year period to 62.8 million yuan from 61.0 million yuan.

Reported net income rose 11.8% on an annual basis to 25.4 million yuan, or 4 fen per share, from 22.7 million yuan, or 3 fen per share.

As of April 23, US$1 was equivalent to 6.20 yuan.