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Ellassay Fashion Q2 profit climbs YOY

Shenzhen Ellassay Fashion Co. Ltd. said its normalized net income for the second quarter amounted to 9 fen per share, a gain of 73.4% from 5 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 24.9 million yuan, a gain from 11.6 million yuan in the year-earlier period.

The normalized profit margin increased to 13.5% from 7.7% in the year-earlier period.

Total revenue climbed 21.8% year over year to 184.9 million yuan from 151.7 million yuan, and total operating expenses increased 9.8% on an annual basis to 147.6 million yuan from 134.4 million yuan.

Reported net income increased 25.7% year over year to 32.0 million yuan, or 11 fen per share, from 25.4 million yuan, or 11 fen per share.

As of Aug. 10, US$1 was equivalent to 6.21 yuan.