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Henan Shuanghui Investment Q3 profit climbs 10.8% YOY

Henan Shuanghui Investment & Development Co. Ltd. said its third-quarter normalized net income came to 31 fen per share, compared with the S&P Capital IQ consensus estimate of 32 fen per share.

EPS rose 10.9% year over year from 28 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.03 billion yuan, a gain of 10.8% from 930.4 million yuan in the prior-year period.

The normalized profit margin climbed to 7.8% from 7.2% in the year-earlier period.

Total revenue climbed on an annual basis to 13.29 billion yuan from 12.83 billion yuan, and total operating expenses climbed on an annual basis to 11.55 billion yuan from 11.41 billion yuan.

Reported net income increased 10.8% on an annual basis to 1.25 billion yuan, or 38 fen per share, from 1.13 billion yuan, or 34 fen per share.

As of Oct. 30, US$1 was equivalent to 6.65 yuan.