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Shandong Delisi Food Q1 profit climbs 6.0% YOY

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Shandong Delisi Food Q1 profit climbs 6.0% YOY

Shandong Delisi Food Co. Ltd. said its normalized net income for the first quarter came to 4 fen per share, an increase from 4 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 21.9 million yuan, an increase of 6.0% from 20.7 million yuan in the prior-year period.

The normalized profit margin increased to 4.9% from 4.0% in the year-earlier period.

Total revenue fell 13.5% year over year to 450.1 million yuan from 520.1 million yuan, and total operating expenses decreased 15.0% on an annual basis to 414.1 million yuan from 487.0 million yuan.

Reported net income fell 17.7% on an annual basis to 21.8 million yuan, or 4 fen per share, from 26.5 million yuan, or 5 fen per share.

As of April 27, US$1 was equivalent to 6.22 yuan.