Oceanus Group Ltd said its normalized net income for the third quarter amounted to a loss of 27.9 million yuan, compared with a loss of 43.9 million yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of 44.9 million yuan, or a loss of 1 fen per share, compared to a loss of 70.1 million yuan, or a loss of 2 fen per share, in the year-earlier period.

As of Nov. 9, US$1 was equivalent to 6.36 yuan.