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Xi'an Tourism Q2 loss narrows YOY

Xi'an Tourism Co. Ltd. said its second-quarter normalized net income amounted to a loss of 28,900 yuan, compared with a loss of 1.7 million yuan 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 negative 0.0% from negative 1.0% in the year-earlier period.

Total revenue climbed 27.9% on an annual basis to 218.5 million yuan from 170.9 million yuan, and total operating expenses rose 26.9% year over year to 220.4 million yuan from 173.6 million yuan.

Reported net income totaled a loss of 83,410 yuan, or a loss of 0 fen per share, compared to a loss of 4.0 million yuan, or a loss of 2 fen per share, in the prior-year period.

As of Aug. 6, US$1 was equivalent to 6.21 yuan.