Huabang Financial Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was HK$8.0 million, a rise of 15.1% from HK$7.0 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 2.4% from 2.6% in the year-earlier period.
Total revenue increased 22.9% year over year to HK$331.7 million from HK$269.8 million, and total operating expenses climbed 23.2% on an annual basis to HK$316.4 million from HK$256.8 million.
Reported net income grew 33.3% year over year to HK$11.6 million, or 0 cents per share, from HK$8.7 million, or 0 cents per share.
