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Anhui Jiuhuashan Tourism Development Q1 profit climbs YOY

Anhui Jiuhuashan Tourism Development Co. Ltd. said its normalized net income for the first quarter was 15 fen per share, an increase from 15 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 12.4 million yuan, an increase from 12.2 million yuan in the year-earlier period.

The normalized profit margin rose to 14.2% from 12.9% in the year-earlier period.

Total revenue declined on an annual basis to 90.5 million yuan from 94.6 million yuan, and total operating expenses decreased 5.7% from the prior-year period to 66.5 million yuan from 70.5 million yuan.

Reported net income grew year over year to 14.6 million yuan, or 18 fen per share, from 13.9 million yuan, or 17 fen per share.

As of April 27, US$1 was equivalent to 6.22 yuan.