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NVC Lighting Holding H1 profit climbs YOY

NVC Lighting Holding Ltd. said its normalized net income for the first half amounted to 67.2 million yuan, a gain from 9.9 million yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue totaled 1.76 billion yuan, compared with 1.77 billion yuan in the year-earlier period, and total operating expenses declined from the prior-year period to 1.66 billion yuan from 1.73 billion yuan.

Reported net income grew from the prior-year period to 82.1 million yuan, or 3 fen per share, from 17.1 million yuan, or 1 fen per share.

As of Sept. 21, US$1 was equivalent to 6.68 yuan.