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Beijing Jingxi Culture & Tourism Q3 profit climbs YOY

Beijing Jingxi Culture and Tourism Co. Ltd. said its third-quarter normalized net income amounted to 7.3 million yuan, a gain from 2.6 million yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 7.3% from 2.7% in the year-earlier period.

Total revenue came to 100.2 million yuan, compared with 99.2 million yuan in the prior-year period, and total operating expenses decreased from the prior-year period to 83.8 million yuan from 84.8 million yuan.

Reported net income increased year over year to 4.2 million yuan, or 1 fen per share, from 284,950 yuan, or 0 fen per share.

As of Oct. 21, US$1 was equivalent to 6.77 yuan.