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Pou Sheng International Q3 profit climbs YOY

Pou Sheng International (Holdings) Ltd said its third-quarter normalized net income came to $99.2 million, a rise from $25.5 million 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 2.8% from 0.8% in the year-earlier period.

Total revenue rose 16.5% on an annual basis to $3.53 billion from $3.03 billion, and total operating expenses climbed 12.3% on an annual basis to $3.38 billion from $3.01 billion.

Reported net income came to $122.2 million, compared with $34.7 million in the prior-year period.