Yunnan Tourism Co. Ltd. said its first-quarter normalized net income was 647,940 yuan, a decline of 86.1% from 4.7 million yuan in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to 1.1% from 3.5% in the year-earlier period.
Total revenue climbed 50.8% on an annual basis to 199.3 million yuan from 132.1 million yuan, and total operating expenses climbed 59.2% year over year to 206.4 million yuan from 129.6 million yuan.
Reported net income totaled a loss of 2.9 million yuan, or a loss of 0 fen per share, compared to income of 3.8 million yuan, or 1 fen per share, in the year-earlier period.
As of April 24, US$1 was equivalent to 6.19 yuan.
