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China National Nuclear Power Q3 profit climbs 35.4% YOY

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China National Nuclear Power Q3 profit climbs 35.4% YOY

China National Nuclear Power Co. Ltd. said its normalized net income for the third quarter came to 5 fen per share, a gain of 37.6% 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 749.0 million yuan, an increase of 35.4% from 553.3 million yuan in the year-earlier period.

The normalized profit margin climbed to 8.2% from 7.1% in the year-earlier period.

Total revenue grew 16.6% year over year to 9.12 billion yuan from 7.82 billion yuan, and total operating expenses increased year over year to 5.03 billion yuan from 4.96 billion yuan.

Reported net income rose 23.0% on an annual basis to 1.55 billion yuan, or 10 fen per share, from 1.26 billion yuan, or 8 fen per share.

As of Oct. 27, US$1 was equivalent to 6.65 yuan.