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ATA Inc fiscal Q3 profit climbs YOY

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ATA Inc fiscal Q3 profit climbs YOY

ATA Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 1.86 yuan per share, a gain from 83 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 42.4 million yuan, a gain from 19.3 million yuan in the prior-year period.

The normalized profit margin increased to 19.2% from 15.7% in the year-earlier period.

Total revenue rose 80.0% on an annual basis to 221.4 million yuan from 123.0 million yuan, and total operating expenses increased 63.5% year over year to 151.5 million yuan from 92.7 million yuan.

Reported net income grew on an annual basis to 49.2 million yuan, or 2.16 yuan per share, from 24.6 million yuan, or 1.06 yuan per share.

As of Feb. 19, US$1 was equivalent to 6.52 yuan.