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Sino Grandness Food Industry Q2 profit climbs 14.5% YOY

4912338 said its normalized net income for the second quarter was 20 fen per share, an increase of 13.5% from 18 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 137.7 million yuan, a gain of 14.5% from 120.3 million yuan in the year-earlier period.

The normalized profit margin dropped to 12.2% from 13.0% in the year-earlier period.

Total revenue rose 22.1% year over year to 1.13 billion yuan from 924.8 million yuan, and total operating expenses climbed 31.5% year over year to 875.3 million yuan from 665.5 million yuan.

eported net income rose 25.2% on an annual b Sino Grandness Food Industry Group Ltd..