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Changbai Mountain Tourism Q2 profit climbs YOY

4980840 said its normalized net income for the second quarter came to 4.1 million yuan, an increase from 2.0 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 10.8% from 4.9% in the year-earlier period.

Total revenue increased 7.3% on an annual basis to 43.6 million yuan from 40.6 million yuan, and total operating expenses fell on an annual basis to 37.3 million yuan from 38.2 million yuan.

Reported net income increased 89.4% year over year to 7.6 million yuan, or 5 fen per share, from 4.0 million yuan, or 1 fen per share.

s of Aug. 11, US$1 was equivalent to 6.64 yuan.Changbai Mountain Tourism Co. Ltd.

4980840 said its normalized net income for the second quarter came to 4.1 million yuan, an increase from 2.0 million yuan in the year-earlier period.