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99 Wuxian H1 profit climbs 97.0% YOY

99 Wuxian Ltd said its normalized net income for the first half amounted to 3.4 million yuan, a gain of 97.0% from 1.7 million yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue rose 52.3% year over year to 123.4 million yuan from 81.0 million yuan, and total operating expenses increased 47.7% year over year to 115.0 million yuan from 77.9 million yuan.

Reported net income rose 28.0% from the prior-year period to 2.2 million yuan, or 0 fen per share, from 1.7 million yuan, or 0 fen per share.

As of Aug. 31, US$1 was equivalent to 6.68 yuan.