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361 Degrees International H1 profit climbs 14.9% YOY

361 Degrees International Ltd said its normalized net income for the first half amounted to 13 fen per share, a gain of 31.8% from 10 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 261.2 million yuan, an increase of 14.9% from 227.3 million yuan in the year-earlier period.

Total revenue rose 5.7% year over year to 2.21 billion yuan from 2.09 billion yuan, and total operating expenses increased from the prior-year period to 1.78 billion yuan from 1.73 billion yuan.

Reported net income rose 5.7% from the prior-year period to 269.6 million yuan, or 13 fen per share, from 255.2 million yuan, or 11 fen per share.

As of Aug. 11, US$1 was equivalent to 6.32 yuan.