ATA Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 84 fen per share, a decrease of 41.0% from 1.43 yuan per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 19.3 million yuan, a decrease of 41.5% from 33.0 million yuan in the year-earlier period.
The normalized profit margin dropped to 15.7% from 17.5% in the year-earlier period.
Total revenue fell 34.8% year over year to 123.0 million yuan from 188.9 million yuan, and total operating expenses decreased 32.4% on an annual basis to 92.7 million yuan from 137.2 million yuan.
Reported net income decreased 31.8% on an annual basis to 24.3 million yuan, or 1.06 yuan per share, from 35.6 million yuan, or 1.54 yuan per share.
As of Feb. 11, US$1 was equivalent to 6.25 yuan.
