trending Market Intelligence /marketintelligence/en/news-insights/trending/511n85VVUOGiDSuR2ginng2 content esgSubNav
In This List

Guilin Layn Natural Ingredients Q3 profit falls YOY

Blog

Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System

Case Study

A PE Firm Capitalizes on Market Opportunities with Robust Data and Analytics

Podcast

MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services


Guilin Layn Natural Ingredients Q3 profit falls YOY

Guilin Layn Natural Ingredients Corp. said its normalized net income for the third quarter amounted to 3 fen per share, a decline of 62.1% from 8 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 11.3 million yuan, a decline of 65.7% from 32.9 million yuan in the prior-year period.

The normalized profit margin dropped to 9.2% from 23.5% in the year-earlier period.

Total revenue fell 12.2% on an annual basis to 122.9 million yuan from 140.0 million yuan, and total operating expenses climbed 24.1% from the prior-year period to 108.8 million yuan from 87.7 million yuan.

Reported net income fell 63.8% from the prior-year period to 15.7 million yuan, or 4 fen per share, from 43.5 million yuan, or 10 fen per share.

As of Oct. 25, US$1 was equivalent to 6.78 yuan.