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Fiyta Holdings Q3 profit climbs 48.5% YOY

Fiyta Holdings Ltd. said its third-quarter normalized net income amounted to 9 fen per share, a gain of 32.5% from 7 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 41.2 million yuan, an increase of 48.5% from 27.7 million yuan in the prior-year period.

The normalized profit margin increased to 5.5% from 3.5% in the year-earlier period.

Total revenue decreased on an annual basis to 754.6 million yuan from 784.1 million yuan, and total operating expenses decreased 6.6% from the prior-year period to 673.5 million yuan from 721.1 million yuan.

Reported net income grew 43.2% on an annual basis to 48.0 million yuan, or 11 fen per share, from 33.5 million yuan, or 9 fen per share.

As of Oct. 26, US$1 was equivalent to 6.77 yuan.