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E Lighting Group fiscal Q1 profit falls YOY

E Lighting Group Holdings Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to HK$498,750, a decrease of 19.1% from HK$616,250 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 4.1% from 3.4% in the year-earlier period.

Total revenue rose 39.6% year over year to HK$25.2 million from HK$18.1 million, and total operating expenses rose 43.0% year over year to HK$24.4 million from HK$17.1 million.

Reported net income declined 6.5% year over year to HK$765,000, or 0 cents per share, from HK$818,000, or 0 cents per share.