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Sino-Life Group Q3 profit climbs 67.5% YOY

Sino-Life Group Ltd said its normalized net income for the third quarter came to 677,380 yuan, an increase of 67.5% from 404,380 yuan in the prior-year period.

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

The normalized profit margin rose to 4.2% from 2.4% in the year-earlier period.

Total revenue declined on an annual basis to 16.1 million yuan from 16.6 million yuan, and total operating expenses fell 5.6% year over year to 15.1 million yuan from 16.0 million yuan.

Reported net income rose 94.4% year over year to 591,000 yuan, or 0 fen per share, from 304,000 yuan, or 0 fen per share.

As of Nov. 12, US$1 was equivalent to 6.37 yuan.