Zhejiang Youpon Integrated Ceiling Co. Ltd. said its normalized net income for the first quarter was 8 fen per share, a gain of 64.4% from 5 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 6.4 million yuan, an increase of 67.9% from 3.8 million yuan in the year-earlier period.
The normalized profit margin rose to 10.3% from 9.4% in the year-earlier period.
Total revenue increased 51.8% year over year to 61.2 million yuan from 40.3 million yuan, and total operating expenses increased 52.0% year over year to 53.2 million yuan from 35.0 million yuan.
Reported net income increased 73.7% year over year to 8.6 million yuan, or 11 fen per share, from 5.0 million yuan, or 6 fen per share.
As of April 27, US$1 was equivalent to 6.22 yuan.
