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Anhui Gujing Distillery Q3 profit climbs 29.2% YOY

Anhui Gujing Distillery Co. Ltd. said its normalized net income for the third quarter came to 26 fen per share, a gain of 28.2% from 20 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 131.7 million yuan, a gain of 29.2% from 101.9 million yuan in the prior-year period.

The normalized profit margin increased to 9.0% from 7.8% in the year-earlier period.

Total revenue climbed 12.2% year over year to 1.46 billion yuan from 1.30 billion yuan, and total operating expenses climbed 10.2% on an annual basis to 1.30 billion yuan from 1.18 billion yuan.

Reported net income grew 26.0% from the prior-year period to 151.4 million yuan, or 30 fen per share, from 120.1 million yuan, or 24 fen per share.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.