361 Degrees International Ltd said its second-half normalized net income came to 9 fen per share, compared with the S&P Capital IQ consensus estimate of 11 fen per share.

EPS declined 11.2% year over year from 11 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 195.4 million yuan, a decline of 11.2% from 220.0 million yuan in the prior-year period.

Total revenue climbed 9.6% year over year to 2.47 billion yuan from 2.25 billion yuan, and total operating expenses grew 8.0% on an annual basis to 2.04 billion yuan from 1.89 billion yuan.

Reported net income fell 47.8% year over year to 129.6 million yuan, or 6 fen per share, from 248.1 million yuan, or 12 fen per share.

For the year, the company's normalized net income totaled 22 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 25 fen.

EPS declined from 23 fen in the prior year.

Normalized net income was 458.6 million yuan, a decline from 481.2 million yuan in the prior year.

Full-year total revenue increased 12.6% from the prior-year period to 5.02 billion yuan from 4.46 billion yuan, and total operating expenses rose 12.8% year over year to 4.14 billion yuan from 3.67 billion yuan.

The company said reported net income decreased 22.2% on an annual basis to 402.7 million yuan, or 19 fen per share, in the full year, from 517.6 million yuan, or 25 fen per share.

As of March 14, US$1 was equivalent to 6.91 yuan.