Zhang Jia Jie Tourism Group Co. Ltd said its normalized net income for the first quarter amounted to 3.2 million yuan, compared with a loss of 2.3 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 3.6% from negative 3.5% in the year-earlier period.

Total revenue increased 35.3% on an annual basis to 90.9 million yuan from 67.2 million yuan, and total operating expenses rose 21.9% from the prior-year period to 84.0 million yuan from 68.9 million yuan.

Reported net income totaled 1.9 million yuan, or 1 fen per share, compared to a loss of 4.1 million yuan, or a loss of 1 fen per share, in the year-earlier period.

As of April 21, US$1 was equivalent to 6.48 yuan.