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Pou Sheng International Q3 profit climbs 42.5% YOY

Pou Sheng International (Holdings) Ltd said its normalized net income for the third quarter came to 141.4 million yuan, a rise of 42.5% from 99.2 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 rose to 3.7% from 2.8% in the year-earlier period.

Total revenue grew 9.0% year over year to 3.85 billion yuan from 3.53 billion yuan, and total operating expenses climbed 7.3% on an annual basis to 3.62 billion yuan from 3.38 billion yuan.

Reported net income totaled 160.7 million yuan, compared with 122.2 million yuan in the prior-year period.

As of Nov. 11, US$1 was equivalent to 6.81 yuan.