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Beijing Cuiwei Tower Q3 profit falls YOY

4913433 said its normalized net income for the third quarter came to 2 fen per share, a decline of 40.8% from 3 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 9.3 million yuan, a decrease of 40.1% from 15.5 million yuan in the year-earlier period.

The normalized profit margin declined to 0.8% from 1.3% in the year-earlier period.

Total revenue declined on an annual basis to 1.19 billion yuan from 1.23 billion yuan, and total operating expenses fell on an annual basis to 1.18 billion yuan from 1.22 billion yuan.

Reported net income declined 42.9% from the prior-year period to 11.4 million yuan, or 2 fen per share, from 20.0 million yuan, or 4 fen per share.

s of Oct. 28, US$1 was equivalent to 6.78 yuan.Beijing Cuiwei Tower Co. Ltd.

4913433 said its normalized net income for the third quarter came to 2 fen per share, a decline of 40.8% from 3 fen per share in the year-earlier period.