trending Market Intelligence /marketintelligence/en/news-insights/trending/kUKaeTnJoz_TN91R9tgMEg2 content esgSubNav
In This List

Luzhou Laojiao profit misses consensus by 20.7% in Q1

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Luzhou Laojiao profit misses consensus by 20.7% in Q1

Luzhou Laojiao Co. Ltd. said its first-quarter normalized net income came to 31 fen per share, compared with the S&P Capital IQ consensus estimate of 39 fen per share.

EPS rose 7.7% year over year from 29 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 434.2 million yuan, a gain of 7.9% from 402.5 million yuan in the prior-year period.

The normalized profit margin dropped to 22.8% from 25.7% in the year-earlier period.

Total revenue climbed 22.0% on an annual basis to 1.91 billion yuan from 1.56 billion yuan, and total operating expenses climbed 34.2% on an annual basis to 1.22 billion yuan from 908.5 million yuan.

Reported net income grew 9.6% year over year to 540.2 million yuan, or 39 fen per share, from 492.9 million yuan, or 35 fen per share.

As of April 22, US$1 was equivalent to 6.19 yuan.