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Hna-Caissa Travel Q3 profit climbs 30.1% YOY

Hna-Caissa Travel Group Co. Ltd. said its normalized net income for the third quarter was 16 fen per share, an increase of 9.9% from 15 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 129.6 million yuan, a gain of 30.1% from 99.6 million yuan in the prior-year period.

The normalized profit margin climbed to 5.3% from 5.1% in the year-earlier period.

Total revenue grew 23.5% year over year to 2.43 billion yuan from 1.97 billion yuan, and total operating expenses increased 22.4% on an annual basis to 2.19 billion yuan from 1.79 billion yuan.

Reported net income increased 36.0% from the prior-year period to 178.7 million yuan, or 22 fen per share, from 131.4 million yuan, or 19 fen per share.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.