Guangdong Wens Foodstuff Group Co. Ltd. said its normalized net income for the second quarter amounted to 617.6 million yuan, a rise of 53.0% from 403.7 million yuan in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 5.6% from 5.0% in the year-earlier period.
Total revenue increased 30.4% on an annual basis to 10.54 billion yuan from 8.08 billion yuan, and total operating expenses rose 31.0% year over year to 9.67 billion yuan from 7.39 billion yuan.
Reported net income increased 73.4% year over year to 1.09 billion yuan, or 24 fen per share, from 629.1 million yuan.
As of July 30, US$1 was equivalent to 6.21 yuan.
