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Luzhou Laojiao Q3 profit climbs 44.9% YOY

Luzhou Laojiao Co. Ltd. said its normalized net income for the third quarter came to 32 fen per share, compared with the S&P Capital IQ consensus estimate of 35 fen per share.

EPS climbed 40.1% year over year from 23 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 457.8 million yuan, a gain of 44.9% from 316.0 million yuan in the year-earlier period.

The normalized profit margin rose to 21.2% from 19.4% in the year-earlier period.

Total revenue climbed 32.5% on an annual basis to 2.16 billion yuan from 1.63 billion yuan, and total operating expenses increased 19.5% from the prior-year period to 1.47 billion yuan from 1.23 billion yuan.

Reported net income rose 34.1% year over year to 530.4 million yuan, or 37 fen per share, from 395.3 million yuan, or 29 fen per share.

As of Oct. 26, US$1 was equivalent to 6.63 yuan.