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Bros Eastern Q3 profit climbs YOY

Bros Eastern Co.Ltd said its third-quarter normalized net income was 62.9 million yuan, a gain from 13.1 million yuan in the prior-year period.

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

The normalized profit margin increased to 4.3% from 1.0% in the year-earlier period.

Total revenue climbed 11.6% on an annual basis to 1.47 billion yuan from 1.32 billion yuan, and total operating expenses grew 12.8% from the prior-year period to 1.37 billion yuan from 1.22 billion yuan.

Reported net income rose from the prior-year period to 97.5 million yuan, or 7 fen per share, from 15.3 million yuan, or 1 fen per share.

As of Oct. 24, US$1 was equivalent to 6.77 yuan.