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Sunny Loan Top Q4 profit climbs YOY

Sunnyloantop Co.,Ltd said its fourth-quarter normalized net income was 17 fen per share, a gain from 8 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 75.3 million yuan, an increase from 34.6 million yuan in the year-earlier period.

The normalized profit margin climbed to 15.5% from 8.0% in the year-earlier period.

Total revenue grew year over year to 450.6 million yuan from 431.8 million yuan, and total operating expenses climbed 12.2% on an annual basis to 420.7 million yuan from 375.1 million yuan.

Reported net income increased year over year to 72.0 million yuan, or 16 fen per share, from 32.3 million yuan, or 7 fen per share.

For the year, the company's normalized net income totaled 33 fen per share, an increase of 48.6% from 22 fen per share in the prior year.

Normalized net income was 148.0 million yuan, an increase of 48.7% from 99.5 million yuan in the prior year.

Full-year total revenue increased 50.3% year over year to 1.80 billion yuan from 1.20 billion yuan, and total operating expenses rose 59.2% on an annual basis to 1.64 billion yuan from 1.03 billion yuan.

The company said reported net income grew 41.8% on an annual basis to 141.7 million yuan, or 31 fen per share, in the full year, from 99.9 million yuan, or 22 fen per share.

As of March 9, US$1 was equivalent to 6.51 yuan.