Suofeiya Home Collection Co. Ltd. said its normalized net income for the first quarter came to 4 fen per share, compared with the S&P Capital IQ consensus estimate of 4 fen per share.
EPS increased 69.1% year over year from 2 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 32.1 million yuan, an increase of 69.5% from 18.9 million yuan in the prior-year period.
The normalized profit margin rose to 7.3% from 6.1% in the year-earlier period.
Total revenue climbed 41.1% on an annual basis to 439.9 million yuan from 311.7 million yuan, and total operating expenses rose 37.1% on an annual basis to 394.8 million yuan from 288.0 million yuan.
Reported net income grew 44.6% on an annual basis to 35.9 million yuan, or 4 fen per share, from 24.8 million yuan, or 3 fen per share.
As of April 28, US$1 was equivalent to 6.20 yuan.
