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NanJi E-Commerce Q2 profit climbs YOY

NanJi E-Commerce Co. Ltd. said its second-quarter normalized net income amounted to 3 fen per share, a gain from 3 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 50.0 million yuan, a gain from 24.5 million yuan in the prior-year period.

The normalized profit margin increased to 43.0% from 30.4% in the year-earlier period.

Total revenue climbed 44.1% year over year to 116.4 million yuan from 80.8 million yuan, and total operating expenses decreased from the prior-year period to 41.9 million yuan from 42.8 million yuan.

Reported net income increased on an annual basis to 68.8 million yuan, or 4 fen per share, from 28.8 million yuan, or 3 fen per share.

As of Aug. 23, US$1 was equivalent to 6.64 yuan.