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Xinjiang Winka Times Department Store Q3 profit climbs 6.5% YOY

Xinjiang Winka Times Department Store Co.Ltd. said its normalized net income for the third quarter amounted to 8 fen per share, a decline of 7.2% from 8 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 15.7 million yuan, an increase of 6.5% from 14.7 million yuan in the prior-year period.

The normalized profit margin climbed to 2.8% from 2.3% in the year-earlier period.

Total revenue declined 5.8% year over year to 600.2 million yuan from 637.1 million yuan, and total operating expenses declined 6.2% on an annual basis to 568.2 million yuan from 606.0 million yuan.

Reported net income increased 18.3% on an annual basis to 22.3 million yuan, or 11 fen per share, from 18.8 million yuan, or 10 fen per share.

As of Oct. 26, US$1 was equivalent to 6.77 yuan.