Evershine Group Holdings Ltd. said its normalized net income for the first quarter was a loss of HK$2.3 million, compared with a loss of HK$1.6 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to negative 30.2% from negative 32.5% in the year-earlier period.
Total revenue rose 71.0% on an annual basis to HK$8.4 million from HK$4.9 million, and total operating expenses climbed 54.5% on an annual basis to HK$12.1 million from HK$7.8 million.
Reported net income came to a loss of HK$4.0 million, or a loss of 1 cents per share, compared to a loss of HK$2.7 million, or a loss of 0 cents per share, in the year-earlier period.
