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Sun Hing Vision fiscal H1 profit climbs 13.7% YOY

Sun Hing Vision Group Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 9 Hong Kong cents per share, a gain of 13.7% from 8 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$24.4 million, an increase of 13.7% from HK$21.5 million in the year-earlier period.

Total revenue came to HK$601.0 million, compared with HK$603.4 million in the year-earlier period, and total operating expenses fell from the prior-year period to HK$563.7 million from HK$569.7 million.

Reported net income increased 10.1% year over year to HK$33.0 million, or 13 cents per share, from HK$30.0 million, or 11 cents per share.