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Lida Optical & Electronic Q1 loss narrows YOY

Costar Group Co. Ltd. said its normalized net income for the first quarter was a loss of 226,550 yuan, compared with a loss of 563,280 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 climbed to 0.0% from negative 0.3% in the year-earlier period.

Total revenue grew on an annual basis to 194.1 million yuan from 186.8 million yuan, and total operating expenses climbed on an annual basis to 194.0 million yuan from 187.6 million yuan.

Reported net income totaled a loss of 273,780 yuan, or a loss of 0 fen per share, compared to a loss of 918,460 yuan, or a loss of 1 fen per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 6.48 yuan.