trending Market Intelligence /marketintelligence/en/news-insights/trending/epd05kNaK6TnB4NG960F3Q2 content esgSubNav
In This List

Beijing Urban-Rural Trade Centre Q3 profit falls YOY

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Beijing Urban-Rural Trade Centre Q3 profit falls YOY

Beijing Urban-Rural Trade Centre Co. Ltd. said its normalized net income for the third quarter came to 10 fen per share, a decrease of 6.0% from 11 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 32.1 million yuan, a decrease of 6.0% from 34.2 million yuan in the year-earlier period.

The normalized profit margin increased to 5.4% from 4.2% in the year-earlier period.

Total revenue fell 31.0% on an annual basis to 567.2 million yuan from 821.6 million yuan, and total operating expenses declined 34.3% year over year to 500.8 million yuan from 762.8 million yuan.

Reported net income increased from the prior-year period to 38.5 million yuan, or 12 fen per share, from 37.1 million yuan, or 12 fen per share.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.