Smoore International announced that its profit for the third quarter ended September 30 was approximately RMB 365 million, up 15.2% year-on-year and up about 18% quarter-on-quarter, driven by revenue and gross profit growth in its electronic vaporization business and heated tobacco business in the U.S. market. Revenue was RMB 3.95 billion, down 6%, while adjusted profit was RMB 450 million, up 1.8%.
For the first nine months of the year, the group's profit was approximately RMB 940 million, up 15.8%, revenue was RMB 11.16 billion, up 9.3%, and adjusted profit was RMB 1.2 billion, up 2.3%.
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