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Beibu Gulf Tourism Q3 profit climbs 55.9% YOY

Beibu Gulf Tourism Corp. Ltd. said its normalized net income for the third quarter came to 22 fen per share, an increase of 47.7% from 15 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 48.3 million yuan, a gain of 55.9% from 31.0 million yuan in the prior-year period.

The normalized profit margin dropped to 22.5% from 26.2% in the year-earlier period.

Total revenue climbed 81.9% year over year to 214.9 million yuan from 118.1 million yuan, and total operating expenses rose 82.5% year over year to 124.0 million yuan from 67.9 million yuan.

Reported net income rose 58.3% on an annual basis to 65.7 million yuan, or 30 fen per share, from 41.5 million yuan, or 20 fen per share.

As of Oct. 25, US$1 was equivalent to 6.78 yuan.