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China Distance Education profit beats consensus by 82.6% in fiscal Q1

China Distance Education Holdings Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

EPS rose 28.7% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.6 million, a gain of 34.5% from $2.7 million in the prior-year period.

The normalized profit margin rose to 16.7% from 14.3% in the year-earlier period.

Total revenue rose 14.9% year over year to $21.5 million from $18.7 million, and total operating expenses climbed 12.0% year over year to $16.7 million from $14.9 million.

Reported net income grew 33.7% on an annual basis to $4.6 million, or 13 cents per share, from $3.4 million, or 10 cents per share.