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China Lodging Q2 profit climbs 17.6% YOY

4982351 said its second-quarter normalized net income amounted to 1.99 yuan per share, compared with the S&P Capital IQ consensus estimate of 2.09 yuan per share.

EPS increased 15.2% year over year from 1.73 yuan.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 127.8 million yuan, an increase of 17.6% from 108.7 million yuan in the year-earlier period.

The normalized profit margin climbed to 8.8% from 8.7% in the year-earlier period.

Total revenue grew 16.9% year over year to 1.46 billion yuan from 1.25 billion yuan, and total operating expenses climbed 15.6% from the prior-year period to 1.26 billion yuan from 1.09 billion yuan.

Reported net income rose 20.8% from the prior-year period to 149.2 million yuan, or 2.32 yuan per share, from 123.5 million yuan, or 1.96 yuan per share.

s of Aug. 17, US$1 was equivalent to 6.40 yuan.Huazhu Group Ltd.

4982351 said its second-quarter normalized net income amounted to 1.99 yuan per share, compared with the S&P Capital IQ consensus estimate of 2.09 yuan per share.