Parkson Retail Group Ltd said its normalized net income for the third quarter amounted to 36.9 million yuan, compared with income of 24.0 million yuan in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to negative 3.5% from 2.0% in the year-earlier period.
Total revenue declined 9.6% on an annual basis to 1.07 billion yuan from 1.18 billion yuan, and total operating expenses declined year over year to 1.12 billion yuan from 1.15 billion yuan.
Reported net income totaled a loss of 77.0 million yuan, compared with income of 22.6 million yuan in the year-earlier period.
As of Nov. 19, US$1 was equivalent to 6.38 yuan.