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Anhui Xinhua Media Q3 profit climbs 6.1% YOY

Anhui Xinhua Media Co. Ltd. said its third-quarter normalized net income amounted to 9 fen per share, a gain of 6.2% from 9 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 177.9 million yuan, a gain of 6.1% from 167.6 million yuan in the prior-year period.

The normalized profit margin dropped to 7.7% from 8.8% in the year-earlier period.

Total revenue increased 22.2% year over year to 2.32 billion yuan from 1.90 billion yuan, and total operating expenses grew 24.7% on an annual basis to 2.08 billion yuan from 1.67 billion yuan.

Reported net income rose 6.8% on an annual basis to 233.4 million yuan, or 12 fen per share, from 218.6 million yuan, or 12 fen per share.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.