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C.P. Pokphand Q1 profit climbs 9.0% YOY

C.P. Pokphand Co. Ltd. said its normalized net income for the first quarter came to $42.1 million, a gain of 9.0% from $38.6 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 climbed to 3.4% from 3.1% in the year-earlier period.

Total revenue came to $1.24 billion, compared with $1.25 billion in the prior-year period, and total operating expenses decreased year over year to $1.15 billion from $1.18 billion.

Reported net income totaled $54.9 million, compared with $41.4 million in the year-earlier period.