Luzhou Laojiao Co. Ltd. said its normalized net income for the third quarter amounted to 16 fen per share, compared with the S&P Capital IQ consensus estimate of 24 fen per share.
EPS increased year over year from 16 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 230.0 million yuan, a gain from 227.1 million yuan in the prior-year period.
The normalized profit margin fell to 17.5% from 20.0% in the year-earlier period.
Total revenue grew 15.9% year over year to 1.32 billion yuan from 1.14 billion yuan, and total operating expenses increased 24.2% on an annual basis to 998.6 million yuan from 804.0 million yuan.
Reported net income grew 5.3% year over year to 301.3 million yuan, or 22 fen per share, from 286.1 million yuan, or 20 fen per share.
As of Oct. 28, US$1 was equivalent to 6.36 yuan.
