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NanJi E-Commerce Q3 profit climbs 37.1% YOY

NanJi E-Commerce Co. Ltd. said its third-quarter normalized net income amounted to 5 fen per share, a decline of 49.6% from 9 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 75.1 million yuan, an increase of 37.1% from 54.8 million yuan in the prior-year period.

The normalized profit margin climbed to 52.6% from 41.2% in the year-earlier period.

Total revenue grew 10.9% on an annual basis to 147.7 million yuan from 133.2 million yuan, and total operating expenses fell 30.7% from the prior-year period to 31.3 million yuan from 45.2 million yuan.

Reported net income rose 20.9% from the prior-year period to 64.3 million yuan, or 4 fen per share, from 53.1 million yuan, or 9 fen per share.

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