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Wuxi Little Swan Q3 profit climbs 33.2% YOY

Wuxi Little Swan Co. Ltd said its normalized net income for the third quarter was 39 fen per share, an increase of 35.4% from 29 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 243.9 million yuan, a gain of 33.2% from 183.1 million yuan in the prior-year period.

The normalized profit margin rose to 6.0% from 5.2% in the year-earlier period.

Total revenue grew 16.0% year over year to 4.07 billion yuan from 3.51 billion yuan, and total operating expenses increased 12.7% from the prior-year period to 3.68 billion yuan from 3.26 billion yuan.

Reported net income grew 30.3% year over year to 332.3 million yuan, or 53 fen per share, from 255.1 million yuan, or 40 fen per share.

As of Oct. 24, US$1 was equivalent to 6.77 yuan.