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BYBON Group H2 profit climbs 80.7% YOY

BYBON Group Co. Ltd. said its normalized net income for the second half amounted to 51 fen per share, a gain of 77.7% from 29 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 20.9 million yuan, a gain of 80.7% from 11.6 million yuan in the prior-year period.

Total revenue grew 67.3% on an annual basis to 330.0 million yuan from 197.2 million yuan, and total operating expenses rose 65.4% year over year to 295.6 million yuan from 178.8 million yuan.

Reported net income rose 73.6% year over year to 23.9 million yuan, or 59 fen per share, from 13.8 million yuan, or 34 fen per share.

For the year, the company's normalized net income totaled 84 fen per share, a gain of 43.1% from 59 fen per share in the prior year.

Normalized net income was 34.1 million yuan, a rise of 45.4% from 23.4 million yuan in the prior year.

Full-year total revenue rose 56.2% from the prior-year period to 621.2 million yuan from 397.6 million yuan, and total operating expenses increased 57.5% year over year to 564.5 million yuan from 358.5 million yuan.

The company said reported net income increased 39.3% year over year to 40.1 million yuan, or 99 fen per share, in the full year, from 28.8 million yuan, or 72 fen per share.

As of March 30, US$1 was equivalent to 6.47 yuan.