Pou Sheng International (Holdings) Ltd said its first-quarter normalized net income amounted to $59.4 million, an increase from $24.4 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 1.7% from 0.8% in the year-earlier period.
Total revenue rose 23.8% year over year to $3.60 billion from $2.90 billion, and total operating expenses grew 21.7% year over year to $3.47 billion from $2.85 billion.
Reported net income totaled $55.3 million, compared with $696,280 in the year-earlier period.
