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Zhongxin Fruit & Juice fiscal H1 profit climbs 12.6% YOY

Zhongxin Fruit & Juice Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was 1.0 million yuan, a rise of 12.6% from 890,000 yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell 20.8% year over year to 66.4 million yuan from 83.8 million yuan, and total operating expenses fell 21.0% year over year to 59.7 million yuan from 75.6 million yuan.

Reported net income declined 13.0% year over year to 1.4 million yuan, or 0 fen per share, from 1.6 million yuan, or 0 fen per share.

As of Feb. 13, US$1 was equivalent to 6.24 yuan.