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Hailun Piano Q2 profit falls YOY

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Hailun Piano Q2 profit falls YOY

4914817 said its second-quarter normalized net income amounted to 2 fen per share, a decline of 14.3% from 2 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 5.2 million yuan, a decline of 10.6% from 5.9 million yuan in the year-earlier period.

The normalized profit margin climbed to 6.8% from 6.6% in the year-earlier period.

Total revenue increased 7.9% on an annual basis to 96.6 million yuan from 89.5 million yuan, and total operating expenses climbed 9.5% from the prior-year period to 91.5 million yuan from 83.5 million yuan.

eported net income increased on an annual bas Hailun Piano Co. Ltd..