Miniso Q3 adjusted profit rises 12pc, revenue up 28pc

Chinese variety store chain Miniso (9896) reported on Friday that its adjusted net profit attributable to shareholders rose 12.33 percent year-on-year to 763 million yuan (HK$835.69 million) for the quarter ended September, driven by solid revenue growth.

Quarterly revenue climbed 28.17 percent to 5.797 billion yuan, while net profit attributable to shareholders fell 31.36 percent to 441 million yuan.

For the first nine months of the year, adjusted net profit increased 6.69 percent to 2.042 billion yuan, while reported net profit dropped 25.68 percent to 1.347 billion yuan. Revenue grew 23.68 percent to 15.19 billion yuan.

As of September, the company had 8,138 stores globally, a net addition of 718 from a year earlier. The Miniso network grew to 7,831 stores, while its TOP TOY brand expanded to 307 stores.