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Jiangsu General Science Technology Q3 profit climbs 15.2% YOY

Jiangsu General Science Technology Co. Ltd. said its normalized net income for the third quarter came to 6 fen per share, a gain of 24.0% from 5 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 32.8 million yuan, an increase of 15.2% from 28.5 million yuan in the year-earlier period.

The normalized profit margin increased to 4.5% from 4.0% in the year-earlier period.

Total revenue climbed 21.2% on an annual basis to 872.8 million yuan from 720.4 million yuan, and total operating expenses increased 22.8% from the prior-year period to 814.6 million yuan from 663.5 million yuan.

Reported net income grew 19.5% from the prior-year period to 49.0 million yuan, or 9 fen per share, from 41.0 million yuan, or 7 fen per share.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.