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Le Saunda Holdings fiscal H1 profit falls YOY

Le Saunda Holdings Ltd said its normalized net income for the fiscal first half ended Aug. 31 came to 8 fen per share, a decline of 15.0% from 9 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 50.0 million yuan, a decline of 21.5% from 63.7 million yuan in the prior-year period.

Total revenue totaled 755.8 million yuan, compared with 753.1 million yuan in the prior-year period, and total operating expenses grew from the prior-year period to 673.5 million yuan from 652.1 million yuan.

Reported net income fell 28.8% year over year to 55.2 million yuan, or 8 fen per share, from 77.6 million yuan, or 11 fen per share.

As of Nov. 17, US$1 was equivalent to 6.38 yuan.