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Shirble Department Store H1 profit climbs 26.1% YOY

Shirble Department Store Holdings (China) Ltd. said its first-half normalized net income came to 1 fen per share, an increase of 26.2% from 1 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 33.5 million yuan, a gain of 26.1% from 26.5 million yuan in the year-earlier period.

Total revenue increased 5.4% on an annual basis to 773.3 million yuan from 733.6 million yuan, and total operating expenses grew year over year to 733.8 million yuan from 709.1 million yuan.

Reported net income grew on an annual basis to 49.9 million yuan, or 2 fen per share, from 24.9 million yuan, or 1 fen per share.

As of Sept. 15, US$1 was equivalent to 6.67 yuan.