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Xin Jiang Ready Health Q3 profit climbs YOY

Xin Jiang Ready Health Industry Co.Ltd. said its normalized net income for the third quarter amounted to 4 fen per share, a decline of 30.4% 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 61.6 million yuan, a gain from 60.3 million yuan in the year-earlier period.

The normalized profit margin climbed to 3.3% from 3.1% in the year-earlier period.

Total revenue decreased on an annual basis to 1.89 billion yuan from 1.93 billion yuan, and total operating expenses fell year over year to 1.75 billion yuan from 1.81 billion yuan.

Reported net income grew 22.1% year over year to 72.8 million yuan, or 5 fen per share, from 59.6 million yuan, or 6 fen per share.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.