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New Hua Du Supercenter swings to profit in Q3

New Hua Du Supercenter Co. Ltd. said its normalized net income for the third quarter was 18 fen per share, compared with a loss of 8 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 125.4 million yuan, compared with a loss of 42.2 million yuan in the prior-year period.

The normalized profit margin climbed to 7.8% from negative 2.7% in the year-earlier period.

Total revenue climbed on an annual basis to 1.61 billion yuan from 1.59 billion yuan, and total operating expenses fell from the prior-year period to 1.62 billion yuan from 1.64 billion yuan.

Reported net income totaled 163.2 million yuan, or 24 fen per share, compared to a loss of 74.6 million yuan, or a loss of 14 fen per share, in the prior-year period.

As of Oct. 26, US$1 was equivalent to 6.77 yuan.