Anhui Jiuhuashan Tourism Development Co. Ltd. said its normalized net income for the third quarter amounted to 14 fen per share, a decrease of 17.6% from 16 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 15.1 million yuan, a decline of 17.5% from 18.3 million yuan in the prior-year period.

The normalized profit margin fell to 15.4% from 18.0% in the year-earlier period.

Total revenue decreased 8.2% year over year to 93.0 million yuan from 101.3 million yuan, and total operating expenses fell 5.8% year over year to 69.5 million yuan from 73.7 million yuan.

Reported net income declined 24.0% year over year to 15.1 million yuan, or 14 fen per share, from 19.9 million yuan, or 18 fen per share.

As of Oct. 10, US$1 was equivalent to 6.71 yuan.