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361 Degrees International profit misses consensus by 15.2% in H1

361 Degrees International Ltd said its first-half normalized net income amounted to 13 fen per share, compared with the S&P Capital IQ consensus estimate of 15 fen per share.

EPS increased year over year from 13 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 263.2 million yuan, compared with 261.2 million yuan in the year-earlier period.

Total revenue climbed 15.7% year over year to 2.56 billion yuan from 2.21 billion yuan, and total operating expenses grew 17.9% from the prior-year period to 2.10 billion yuan from 1.78 billion yuan.

Reported net income rose from the prior-year period to 273.1 million yuan, or 13 fen per share, from 269.6 million yuan, or 13 fen per share.

As of Aug. 16, US$1 was equivalent to 6.63 yuan.