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Wenfeng Great World Chain Development Q3 profit falls YOY

4914183 said its third-quarter normalized net income amounted to 2 fen per share, a decline of 38.0% from 3 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 34.0 million yuan, a decline of 32.5% from 50.4 million yuan in the prior-year period.

The normalized profit margin declined to 2.8% from 3.3% in the year-earlier period.

Total revenue decreased 7.6% on an annual basis to 1.39 billion yuan from 1.51 billion yuan, and total operating expenses decreased 6.5% on an annual basis to 1.33 billion yuan from 1.42 billion yuan.

eported net income decreased 27.4% from the Wenfeng Great World Chain Development Corp..