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Bros Eastern Q2 profit climbs 55.8% YOY

COVID-19 Impact & Recovery: Investment Management

European Energy Insights February 2021


Banking Essentials Newsletter: May Edition


Investment Banking Essentials: May Edition

Bros Eastern Q2 profit climbs 55.8% YOY

Bros Eastern Co.Ltd said its normalized net income for the second quarter amounted to 9 fen per share, a gain of 44.2% from 6 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 139.8 million yuan, a gain of 55.8% from 89.8 million yuan in the year-earlier period.

The normalized profit margin rose to 9.7% from 6.5% in the year-earlier period.

Total revenue increased 8.2% on an annual basis to 1.49 billion yuan from 1.38 billion yuan, and total operating expenses grew 8.9% on an annual basis to 1.32 billion yuan from 1.21 billion yuan.

Reported net income rose 36.7% year over year to 200.9 million yuan, or 13 fen per share, from 147.0 million yuan, or 10 fen per share.

As of Aug. 8, US$1 was equivalent to 6.67 yuan.