trending Market Intelligence /marketintelligence/en/news-insights/trending/x_EKNzNLlfsuC_o_Q3XVMQ2 content esgSubNav
In This List

Luzhou Laojiao profit misses consensus by 34.6% in Q2

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Luzhou Laojiao profit misses consensus by 34.6% in Q2

Luzhou Laojiao Co. Ltd. said its second-quarter normalized net income came to 26 fen per share, compared with the S&P Capital IQ consensus estimate of 40 fen per share.

EPS decreased year over year from 26 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 367.3 million yuan, a decrease from 371.7 million yuan in the prior-year period.

The normalized profit margin climbed to 20.7% from 17.9% in the year-earlier period.

Total revenue decreased 13.8% on an annual basis to 1.79 billion yuan from 2.07 billion yuan, and total operating expenses declined 6.8% year over year to 1.40 billion yuan from 1.50 billion yuan.

Reported net income increased on an annual basis to 481.3 million yuan, or 34 fen per share, from 467.8 million yuan, or 33 fen per share.

As of Aug. 24, US$1 was equivalent to 6.40 yuan.