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ChengDu Santai Q1 loss narrows YOY

ChengDu Santai Holding Group Co.Ltd. said its normalized net income for the first quarter amounted to a loss of 234,190 yuan, compared with a loss of 25.8 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 rose to negative 0.1% from negative 13.4% in the year-earlier period.

Total revenue climbed 72.9% on an annual basis to 334.4 million yuan from 193.4 million yuan, and total operating expenses climbed 45.0% from the prior-year period to 331.8 million yuan from 228.8 million yuan.

Reported net income came to a loss of 3.3 million yuan, or a loss of 0 fen per share, compared to a loss of 41.7 million yuan, or a loss of 3 fen per share, in the prior-year period.

As of April 29, US$1 was equivalent to 6.48 yuan.