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Stelux Holdings International fiscal H1 profit climbs YOY

Stelux Holdings International Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 7 Hong Kong cents per share, a gain from 7 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$86.7 million, an increase from HK$84.4 million in the year-earlier period.

Total revenue rose 5.6% year over year to HK$2.00 billion from HK$1.89 billion, and total operating expenses grew 6.2% on an annual basis to HK$1.85 billion from HK$1.74 billion.

Reported net income came to HK$116.3 million, or 9 cents per share, compared to HK$116.2 million, or 9 cents per share, in the year-earlier period.