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Goldlok Toys Holdings Q1 profit falls YOY

Goldlok Toys Holdings (Guangdong) Co. Ltd. said its first-quarter normalized net income amounted to 1 fen per share, a decline of 22.7% 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 11.5 million yuan, a decline of 22.7% from 14.8 million yuan in the prior-year period.

The normalized profit margin declined to 10.1% from 12.9% in the year-earlier period.

Total revenue decreased on an annual basis to 113.1 million yuan from 114.5 million yuan, and total operating expenses grew year over year to 99.0 million yuan from 95.8 million yuan.

Reported net income decreased 19.3% year over year to 14.7 million yuan, or 2 fen per share, from 18.2 million yuan, or 2 fen per share.

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