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Shanghai La Chapelle Fashion H1 profit climbs YOY

Shanghai La Chapelle Fashion Co. Ltd. said its first-half normalized net income came to 48 fen per share, an increase of 5.9% from 45 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 237.0 million yuan, an increase from 228.5 million yuan in the prior-year period.

Total revenue grew 13.8% year over year to 4.81 billion yuan from 4.23 billion yuan, and total operating expenses increased 14.8% on an annual basis to 4.41 billion yuan from 3.85 billion yuan.

Reported net income grew year over year to 284.9 million yuan, or 58 fen per share, from 276.4 million yuan, or 55 fen per share.

As of Sept. 22, US$1 was equivalent to 6.67 yuan.