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Chang Chun Eurasia profit misses consensus by 22.4% in Q2

Chang Chun Eurasia Group Co. Ltd. said its second-quarter normalized net income came to 39 fen per share, compared with the S&P Capital IQ consensus estimate of 50 fen per share.

EPS climbed 7.6% year over year from 36 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 61.8 million yuan, a gain from 61.0 million yuan in the year-earlier period.

The normalized profit margin climbed to 1.8% from 1.8% in the year-earlier period.

Total revenue climbed on an annual basis to 3.54 billion yuan from 3.40 billion yuan, and total operating expenses climbed from the prior-year period to 3.30 billion yuan from 3.17 billion yuan.

Reported net income grew from the prior-year period to 86.0 million yuan, or 54 fen per share, from 84.3 million yuan, or 50 fen per share.

As of Aug. 19, US$1 was equivalent to 6.65 yuan.