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Better Life Commercial Chain Share swings to profit in Q3

Better Life Commercial Chain Share Co. Ltd. said its third-quarter normalized net income was 1.5 million yuan, compared with a loss of 4.9 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 increased to 0.0% from negative 0.1% in the year-earlier period.

Total revenue increased on an annual basis to 3.66 billion yuan from 3.62 billion yuan, and total operating expenses grew from the prior-year period to 3.67 billion yuan from 3.62 billion yuan.

Reported net income came to 1.8 million yuan, or 0 fen per share, compared to a loss of 2.2 million yuan, or a loss of 0 fen per share, in the prior-year period.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.