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ANTA Sports Products H1 profit climbs 22.2% YOY

ANTA Sports Products Ltd said its normalized net income for the first half came to 33 fen per share, compared with the S&P Capital IQ consensus estimate of 38 fen per share.

EPS climbed 22.1% year over year from 27 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 816.8 million yuan, an increase of 22.2% from 668.5 million yuan in the year-earlier period.

Total revenue increased 24.0% year over year to 5.11 billion yuan from 4.12 billion yuan, and total operating expenses climbed 22.5% on an annual basis to 3.84 billion yuan from 3.14 billion yuan.

Reported net income increased 20.2% from the prior-year period to 965.3 million yuan, or 39 fen per share, from 802.9 million yuan, or 32 fen per share.

As of Aug. 5, US$1 was equivalent to 6.21 yuan.