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Beijing Urban-Rural Trade Centre Q4 profit climbs 47.4% YOY

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Beijing Urban-Rural Trade Centre Q4 profit climbs 47.4% YOY

Beijing Urban-Rural Trade Centre Co. Ltd. said its fourth-quarter normalized net income was 11 fen per share, an increase of 47.2% from 7 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 34.2 million yuan, a gain of 47.4% from 23.2 million yuan in the year-earlier period.

The normalized profit margin rose to 3.8% from 3.7% in the year-earlier period.

Total revenue grew 39.0% year over year to 874.8 million yuan from 629.2 million yuan, and total operating expenses increased 38.0% on an annual basis to 817.2 million yuan from 592.3 million yuan.

Reported net income decreased 16.3% year over year to 32.1 million yuan, or 10 fen per share, from 38.4 million yuan, or 12 fen per share.

For the year, the company's normalized net income totaled 33 fen per share, an increase of 39.8% from 23 fen per share in the prior year.

Normalized net income was 103.2 million yuan, a rise of 39.8% from 73.8 million yuan in the prior year.

Full-year total revenue rose 22.3% on an annual basis to 2.71 billion yuan from 2.22 billion yuan, and total operating expenses rose 20.7% on an annual basis to 2.55 billion yuan from 2.11 billion yuan.

The company said reported net income rose 5.7% on an annual basis to 108.1 million yuan, or 34 fen per share, in the full year, from 102.2 million yuan, or 32 fen per share.

As of April 8, US$1 was equivalent to 6.47 yuan.