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V V Food & Beverage Q3 profit falls YOY

4915438 said its third-quarter normalized net income was 3.6 million yuan, a fall of 93.3% from 54.1 million yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.7% from 6.5% in the year-earlier period.

Total revenue increased on an annual basis to 853.1 million yuan from 839.3 million yuan, and total operating expenses increased 15.2% on an annual basis to 833.4 million yuan from 723.2 million yuan.

eported net income totaled 16.1 million yuan, o V V Food & Beverage Co.Ltd.