Kong Shum Union Property Management (Holding) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was HK$678,750, compared with a loss of HK$1.3 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 increased to 0.8% from negative 1.5% in the year-earlier period.
Total revenue climbed year over year to HK$85.5 million from HK$83.0 million, and total operating expenses grew 6.2% on an annual basis to HK$84.3 million from HK$79.4 million.
Reported net income totaled HK$601,000, or 0 cents per share, compared to a loss of HK$2.8 million, or a loss of 1 cents per share, in the prior-year period.
