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Zoneco Group swings to loss in Q2

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Zoneco Group swings to loss in Q2

4914861 said its normalized net income for the second quarter was a loss of 1 fen per share, compared with 2 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 5.7 million yuan, compared with income of 7.8 million yuan in the year-earlier period.

The normalized profit margin increased to 1.5% from 1.2% in the year-earlier period.

Total revenue grew on an annual basis to 703.8 million yuan from 674.1 million yuan, and total operating expenses rose 5.6% year over year to 689.8 million yuan from 653.0 million yuan.

eported net income grew 39.0% year over year Zoneco Group Co. Ltd.