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Wuxi Little Swan profit holds mostly steady YOY in Q2

Wuxi Little Swan Co. Ltd. said its second-quarter normalized net income was 18 fen per share, compared with 17 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 110.3 million yuan, compared with 110.5 million yuan in the year-earlier period.

The normalized profit margin dropped to 4.2% from 4.6% in the year-earlier period.

Total revenue rose 17.1% year over year to 2.81 billion yuan from 2.40 billion yuan, and total operating expenses climbed 16.8% year over year to 2.61 billion yuan from 2.24 billion yuan.

Reported net income rose 29.4% year over year to 188.4 million yuan, or 30 fen per share, from 145.6 million yuan, or 23 fen per share.

As of Aug. 5, US$1 was equivalent to 6.21 yuan.