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Anhui Yingjia Distillery Q2 profit climbs 9.4% YOY

Anhui Yingjia Distillery Co. Ltd. said its second-quarter normalized net income was 10 fen per share, a gain from 9 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 72.7 million yuan, an increase of 9.4% from 66.5 million yuan in the prior-year period.

The normalized profit margin climbed to 11.0% from 10.6% in the year-earlier period.

Total revenue fell 5.0% on an annual basis to 593.5 million yuan from 624.8 million yuan, and total operating expenses decreased 7.5% year over year to 491.7 million yuan from 531.6 million yuan.

Reported net income declined 7.6% from the prior-year period to 74.1 million yuan, or 10 fen per share, from 80.2 million yuan, or 11 fen per share.

As of Aug. 18, US$1 was equivalent to 6.39 yuan.