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Shanxi Xinghuacun Fen Wine Factory Q2 profit climbs 60.7% YOY

Shanxi Xinghuacun Fen Wine Factory Co.Ltd. said its normalized net income for the second quarter came to 9 fen per share, an increase of 60.7% from 6 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 79.1 million yuan, a gain of 60.7% from 49.2 million yuan in the year-earlier period.

The normalized profit margin increased to 8.0% from 6.1% in the year-earlier period.

Total revenue climbed 17.6% year over year to 952.4 million yuan from 810.2 million yuan, and total operating expenses climbed 13.2% from the prior-year period to 826.1 million yuan from 729.7 million yuan.

Reported net income totaled 64.2 million yuan, or 7 fen per share, compared to 64.1 million yuan, or 7 fen per share, in the year-earlier period.

As of Aug. 15, US$1 was equivalent to 6.64 yuan.