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Xilinmen Furniture Q2 profit climbs 13.5% YOY

Xilinmen Furniture Co. Ltd. said its normalized net income for the second quarter came to 8 fen per share, an increase of 11.4% from 7 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 24.5 million yuan, a gain of 13.5% from 21.6 million yuan in the year-earlier period.

The normalized profit margin increased to 7.8% from 7.2% in the year-earlier period.

Total revenue grew 11.7% year over year to 337.5 million yuan from 302.1 million yuan, and total operating expenses rose 9.9% on an annual basis to 293.6 million yuan from 267.3 million yuan.

Reported net income grew 12.7% from the prior-year period to 31.8 million yuan, or 10 fen per share, from 28.2 million yuan, or 9 fen per share.

As of Aug. 7, US$1 was equivalent to 6.21 yuan.