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Sichuan Datong Gas Development Q1 profit climbs YOY

Sichuan Datong Gas Development Co. Ltd. said its normalized net income for the first quarter amounted to 2.3 million yuan, an increase from 743,610 yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.1% from 0.7% in the year-earlier period.

Total revenue came to 109.8 million yuan, compared with 110.0 million yuan in the prior-year period, and total operating expenses totaled 108.6 million yuan, compared with 107.7 million yuan in the year-earlier period.

Reported net income increased year over year to 2.2 million yuan, or 1 fen per share, from 318,900 yuan, or 0 fen per share.

As of April 24, US$1 was equivalent to 6.19 yuan.