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ATA Inc fiscal Q1 profit climbs 15.7% YOY

ATA Inc. said its normalized net income for the fiscal first quarter ended June 30 came to 26 fen per share, a gain of 29.9% from 20 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.9 million yuan, an increase of 15.7% from 5.1 million yuan in the year-earlier period.

The normalized profit margin climbed to 6.1% from 6.1% in the year-earlier period.

Total revenue rose 15.7% on an annual basis to 97.5 million yuan from 84.3 million yuan, and total operating expenses rose 16.1% on an annual basis to 88.7 million yuan from 76.5 million yuan.

Reported net income grew 28.7% on an annual basis to 5.9 million yuan, or 26 fen per share, from 4.6 million yuan, or 18 fen per share.

As of Aug. 12, US$1 was equivalent to 6.39 yuan.