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Mianyang Fulin Precision Machining posts Q2 profit

Mianyang Fulin Precision Machining Co. Ltd. said its normalized net income for the second quarter was 33.7 million yuan.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 14.4%.

Total revenue totaled 237.1 million yuan, and total operating expenses totaled 184.3 million yuan.

Reported net income came to 46.8 million yuan, or 13 fen per share.

As of Aug. 19, US$1 was equivalent to 6.40 yuan.