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.
