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Nasdaq-listed Hanting sees 64.6% up in Q3 profit

Nov. 7, 2012 (China Knowledge) - Nasdaq-listed Hanting Inns & Hotels<HTHT>, reaped RMB 95.8 million or US$15.2 million in net profit attributable to shareholders in the third quarter of this year, reflecting a YoY increase of 64.6%.

On a non-GAAP basis, the U.S.-listed firm's net profit attributable to shareholders was RMB 103.6 million in the quarter, compared with a net profit of RMB 63.2 million in the corresponding period of 2011.

In the third quarter of this year, the firm's diluted earnings per American Depositary Share were RMB 1.57, while on a non-GAAP basis, its diluted earnings per ADS stood at RMB 1.67.

Total revenue stood at RMB 947.6 million or US$150.8 million in the three-month period, up 42.6% from a year earlier.

The company open 108 new hotels in the third quarter of this year and by the end of Sep 2012, the company operates a total of 938 hotels.

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