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Anhui Gujing Distillery Q1 profit climbs YOY

Anhui Gujing Distillery Co. Ltd. said its normalized net income for the first quarter amounted to 49 fen per share, a gain from 48 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 249.3 million yuan, a gain from 240.6 million yuan in the prior-year period.

The normalized profit margin fell to 15.2% from 16.2% in the year-earlier period.

Total revenue climbed 12.1% year over year to 1.67 billion yuan from 1.49 billion yuan, and total operating expenses increased 10.7% from the prior-year period to 1.30 billion yuan from 1.17 billion yuan.

Reported net income increased 5.6% from the prior-year period to 302.8 million yuan, or 60 fen per share, from 286.7 million yuan, or 57 fen per share.

As of April 28, US$1 was equivalent to 6.20 yuan.