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Shanghai Jiaoda Onlly Q3 profit climbs YOY

Shanghai Jiaoda Onlly Co. Ltd. said its third-quarter normalized net income came to 14 fen per share, an increase from 1 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 111.7 million yuan, a gain from 8.5 million yuan in the prior-year period.

The normalized profit margin rose to 190.4% from 15.8% in the year-earlier period.

Total revenue climbed 9.4% year over year to 58.7 million yuan from 53.6 million yuan, and total operating expenses increased 35.5% year over year to 90.6 million yuan from 66.8 million yuan.

Reported net income increased year over year to 78.4 million yuan, or 10 fen per share, from 10.5 million yuan, or 1 fen per share.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.