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Shanghai Maling Aquarius Q3 profit falls YOY

Shanghai Maling Aquarius Co. Ltd. said its normalized net income for the third quarter came to 3 fen per share, a decline of 15.3% from 4 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 28.7 million yuan, a decline of 15.5% from 34.0 million yuan in the prior-year period.

The normalized profit margin increased to 1.2% from 1.0% in the year-earlier period.

Total revenue decreased year over year to 3.15 billion yuan from 3.27 billion yuan, and total operating expenses declined 7.2% year over year to 3.00 billion yuan from 3.23 billion yuan.

Reported net income increased 83.8% from the prior-year period to 87.6 million yuan, or 9 fen per share, from 47.6 million yuan, or 5 fen per share.

As of Oct. 17, US$1 was equivalent to 6.74 yuan.