trending Market Intelligence /marketintelligence/en/news-insights/trending/yAqQaWle37HWnD1XoA3m7Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Yinhang Internet Technologies swings to profit in Q1

Mining Exploration Insights - November 2020

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

CUSIP Requests for Municipal Securities Continue to Rise


Yinhang Internet Technologies swings to profit in Q1

Yinhang Internet Technologies Development Inc. said its normalized net income for the first quarter amounted to 2 cents per share, compared with a loss of 7 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $184,090, compared with a loss of $416,000 in the prior-year period.

The normalized profit margin climbed to 15.1% from negative 28.9% in the year-earlier period.

Total revenue declined 15.2% on an annual basis to $1.2 million from $1.4 million, and total operating expenses decreased 58.3% year over year to $922,990 from $2.2 million.

Reported net income totaled $120,190, or 2 cents per share, compared to a loss of $854,910, or a loss of 15 cents per share, in the year-earlier period.