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Global Link Communications fiscal Q3 loss widens 25.4% YOY

Global Link Communications Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of HK$2.0 million, compared with a loss of HK$1.6 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 dropped to negative 11.6% from negative 10.1% in the year-earlier period.

Total revenue grew 10.0% year over year to HK$17.4 million from HK$15.8 million, and total operating expenses rose 12.1% on an annual basis to HK$20.6 million from HK$18.4 million.

Reported net income came to a loss of HK$3.2 million, or a loss of 0 cents per share, compared to a loss of HK$2.6 million, or a loss of 0 cents per share, in the year-earlier period.