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Hubei Wuchangyu Q3 loss narrows YOY

Hubei Wuchangyu Co. Ltd. said its third-quarter normalized net income came to a loss of 4.9 million yuan, compared with a loss of 5.5 million yuan in the prior-year period.

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

Total revenue climbed 51.0% on an annual basis to 1.7 million yuan from 1.1 million yuan, and total operating expenses rose 16.6% from the prior-year period to 5.2 million yuan from 4.5 million yuan.

Reported net income came to a loss of 7.9 million yuan, or a loss of 2 fen per share, compared to a loss of 8.8 million yuan, or a loss of 2 fen per share, in the prior-year period.

As of Oct. 26, US$1 was equivalent to 6.77 yuan.