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Jinfa Labi Maternity Q3 profit climbs 16.8% YOY

Jinfa Labi Maternity & Baby Articles Co. Ltd said its third-quarter normalized net income came to 8 fen per share, a gain of 11.4% from 7 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 16.9 million yuan, an increase of 16.8% from 14.5 million yuan in the prior-year period.

The normalized profit margin rose to 17.6% from 16.9% in the year-earlier period.

Total revenue climbed 12.4% year over year to 96.4 million yuan from 85.8 million yuan, and total operating expenses grew 6.9% year over year to 71.3 million yuan from 66.7 million yuan.

Reported net income rose 18.9% year over year to 20.4 million yuan, or 10 fen per share, from 17.2 million yuan, or 9 fen per share.

As of Oct. 21, US$1 was equivalent to 6.77 yuan.