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Shanghai Maling Aquarius Q2 profit falls YOY

Shanghai Maling Aquarius Co. Ltd. said its normalized net income for the second quarter was 2 fen per share, an increase 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 21.4 million yuan, a decrease of 10.8% from 24.0 million yuan in the year-earlier period.

The normalized profit margin fell to 0.4% from 0.6% in the year-earlier period.

Total revenue declined 40.2% year over year to 2.24 billion yuan from 3.74 billion yuan, and total operating expenses decreased 39.7% from the prior-year period to 2.20 billion yuan from 3.64 billion yuan.

Reported net income fell 22.1% year over year to 34.4 million yuan, or 4 fen per share, from 44.2 million yuan, or 4 fen per share.

As of Aug. 11, US$1 was equivalent to 6.32 yuan.