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Guangzhou Holike Q2 profit climbs 8.6% YOY

Guangzhou Holike Creative Home Co. Ltd. said its second-quarter normalized net income amounted to 11 fen per share, a decrease of 12.0% from 13 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 31.8 million yuan, a gain of 8.6% from 29.3 million yuan in the prior-year period.

The normalized profit margin fell to 12.2% from 12.9% in the year-earlier period.

Total revenue climbed 15.2% on an annual basis to 261.3 million yuan from 226.9 million yuan, and total operating expenses grew 15.0% from the prior-year period to 211.1 million yuan from 183.5 million yuan.

Reported net income rose 10.8% year over year to 44.4 million yuan, or 16 fen per share, from 40.1 million yuan, or 17 fen per share.

As of Aug. 5, US$1 was equivalent to 6.21 yuan.