Wangfujing Group Co. Ltd. said its normalized net income for the first quarter was 32 fen per share, compared with 32 fen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 194.6 million yuan, compared with 194.5 million yuan in the year-earlier period.
The normalized profit margin climbed to 3.9% from 3.7% in the year-earlier period.
Total revenue fell on an annual basis to 4.98 billion yuan from 5.24 billion yuan, and total operating expenses declined from the prior-year period to 4.71 billion yuan from 4.94 billion yuan.
Reported net income increased from the prior-year period to 225.7 million yuan, or 38 fen per share, from 223.0 million yuan, or 37 fen per share.
As of April 24, US$1 was equivalent to 6.19 yuan.
