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Goldlok Toys Holdings Q3 profit falls YOY

Goldlok Toys Holdings (Guangdong) Co. Ltd. said its third-quarter normalized net income was 1 fen per share, a decline from 1 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 11.4 million yuan, a decrease from 11.6 million yuan in the prior-year period.

The normalized profit margin fell to 7.8% from 11.8% in the year-earlier period.

Total revenue increased 49.1% on an annual basis to 146.2 million yuan from 98.0 million yuan, and total operating expenses grew 44.5% year over year to 130.1 million yuan from 90.0 million yuan.

Reported net income declined 6.9% year over year to 14.9 million yuan, or 2 fen per share, from 16.0 million yuan, or 2 fen per share.

As of Oct. 21, US$1 was equivalent to 6.77 yuan.