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Heilan Home Q1 profit climbs 32.3% YOY

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Heilan Home Q1 profit climbs 32.3% YOY

Heilan Home Co. Ltd. said its first-quarter normalized net income came to 15 fen per share, an increase of 16.7% from 13 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 705.1 million yuan, a gain of 32.3% from 533.0 million yuan in the prior-year period.

The normalized profit margin fell to 15.4% from 20.0% in the year-earlier period.

Total revenue grew 72.0% year over year to 4.58 billion yuan from 2.67 billion yuan, and total operating expenses rose 77.7% year over year to 3.50 billion yuan from 1.97 billion yuan.

Reported net income rose 34.6% on an annual basis to 867.9 million yuan, or 19 fen per share, from 645.0 million yuan, or 16 fen per share.

As of April 29, US$1 was equivalent to 6.20 yuan.