Uni-President China Holdings Ltd said its normalized net income for the first half amounted to 14 fen per share, compared with the S&P Capital IQ consensus estimate of 12 fen per share.

EPS rose 77.0% year over year from 8 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 599.0 million yuan, a gain from 284.2 million yuan in the year-earlier period.

Total revenue declined year over year to 12.01 billion yuan from 12.37 billion yuan, and total operating expenses decreased 6.6% from the prior-year period to 11.16 billion yuan from 11.95 billion yuan.

Reported net income rose 93.2% on an annual basis to 686.6 million yuan, or 16 fen per share, from 355.4 million yuan, or 10 fen per share.

As of Aug. 20, US$1 was equivalent to 6.39 yuan.