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China Distance Education profit beats consensusin fiscal Q3

China Distance Education Holdings Ltd. said its normalized net income for the fiscal third quarter ended June 30 came to 11 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

In the prior-year period, the per-share result came in at a profit of 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.1 million, compared with $4.1 million in the prior-year period.

The normalized profit margin fell to 14.3% from 16.5% in the year-earlier period.

Total revenue grew 15.3% on an annual basis to $28.8 million from $25.0 million, and total operating expenses climbed 20.6% year over year to $22.9 million from $19.0 million.

Reported net income totaled $5.3 million, or 15 cents per share, compared to $5.3 million, or 15 cents per share, in the year-earlier period.