Jiangsu Yanghe Brewery JSC Ltd. said its third-quarter normalized net income amounted to 72 fen per share, compared with the S&P Capital IQ consensus estimate of 85 fen per share.
EPS increased 12.5% year over year from 64 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.08 billion yuan, a gain of 12.3% from 965.6 million yuan in the year-earlier period.
The normalized profit margin increased to 26.5% from 26.4% in the year-earlier period.
Total revenue climbed 12.0% on an annual basis to 4.09 billion yuan from 3.65 billion yuan, and total operating expenses grew 13.8% on an annual basis to 2.45 billion yuan from 2.15 billion yuan.
Reported net income rose 13.1% year over year to 1.28 billion yuan, or 85 fen per share, from 1.13 billion yuan, or 75 fen per share.
As of Oct. 29, US$1 was equivalent to 6.36 yuan.
