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OPPLE Lighting Q3 profit climbs 19.2% YOY

OPPLE Lighting Co. Ltd. said its third-quarter normalized net income came to 19 fen per share, an increase of 19.2% from 16 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 99.9 million yuan, a gain of 19.2% from 83.8 million yuan in the year-earlier period.

The normalized profit margin increased to 7.5% from 7.0% in the year-earlier period.

Total revenue rose 16.6% year over year to 1.40 billion yuan from 1.20 billion yuan, and total operating expenses increased 17.5% from the prior-year period to 1.27 billion yuan from 1.08 billion yuan.

Reported net income rose year over year to 115.9 million yuan, or 22 fen per share, from 110.6 million yuan, or 21 fen per share.

As of Oct. 24, US$1 was equivalent to 6.77 yuan.