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ZheJiang Jasan Holding Q2 profit climbs 27.2% YOY

Zhejiang Jasan Holding Group Co. Ltd. said its normalized net income for the second quarter amounted to 8 fen per share, an increase of 7.8% from 8 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 27.4 million yuan, a gain of 27.2% from 21.5 million yuan in the year-earlier period.

The normalized profit margin increased to 14.9% from 13.6% in the year-earlier period.

Total revenue climbed 33.4% on an annual basis to 210.6 million yuan from 157.9 million yuan, and total operating expenses rose 31.3% from the prior-year period to 163.0 million yuan from 124.1 million yuan.

Reported net income increased 73.6% year over year to 39.8 million yuan, or 12 fen per share, from 22.9 million yuan, or 8 fen per share.

As of Aug. 7, US$1 was equivalent to 6.21 yuan.