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Rainbow Department Store Q3 profit climbs 93.3% YOY

4912361 said its normalized net income for the third quarter was 9 fen per share, a gain from 4 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 72.5 million yuan, a gain of 93.3% from 37.5 million yuan in the year-earlier period.

The normalized profit margin rose to 1.9% from 1.0% in the year-earlier period.

Total revenue came to 3.81 billion yuan, compared with 3.80 billion yuan in the year-earlier period, and total operating expenses came to 3.72 billion yuan, compared with 3.72 billion yuan in the year-earlier period.

Reported net income grew on an annual basis to 80.7 million yuan, or 10 fen per share, from 17.4 million yuan, or 2 fen per share.

s of Oct. 28, US$1 was equivalent to 6.78 yuan.Rainbow Department Store Co. Ltd.

4912361 said its normalized net income for the third quarter was 9 fen per share, a gain from 4 fen per share in the year-earlier period.