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Wuliangye Yibin Q3 profit climbs 58.8% YOY

Wuliangye Yibin Co. Ltd. said its third-quarter normalized net income amounted to 42 fen per share, compared with the S&P Capital IQ consensus estimate of 42 fen per share.

EPS climbed 58.8% year over year from 27 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.60 billion yuan, an increase of 58.8% from 1.01 billion yuan in the year-earlier period.

The normalized profit margin increased to 25.2% from 22.7% in the year-earlier period.

Total revenue climbed 43.0% on an annual basis to 6.36 billion yuan from 4.44 billion yuan, and total operating expenses increased 29.5% year over year to 3.88 billion yuan from 3.00 billion yuan.

Reported net income grew 64.1% year over year to 1.99 billion yuan, or 53 fen per share, from 1.21 billion yuan, or 32 fen per share.

As of Oct. 26, US$1 was equivalent to 6.63 yuan.