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Suofeiya Home Collection Q3 profit climbs 48.5% YOY

Suofeiya Home Collection Co. Ltd. said its normalized net income for the third quarter was 20 fen per share, an increase of 44.2% from 14 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 184.1 million yuan, an increase of 48.5% from 124.0 million yuan in the prior-year period.

The normalized profit margin increased to 14.1% from 13.6% in the year-earlier period.

Total revenue climbed 42.7% on an annual basis to 1.30 billion yuan from 912.6 million yuan, and total operating expenses climbed 42.0% on an annual basis to 1.03 billion yuan from 724.5 million yuan.

Reported net income rose 48.1% year over year to 208.2 million yuan, or 23 fen per share, from 140.6 million yuan, or 16 fen per share.

As of Oct. 25, US$1 was equivalent to 6.78 yuan.