New Century Group Hong Kong Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was HK$44.3 million, compared with a loss of HK$2.4 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue increased year over year to HK$87.3 million from HK$31.4 million, and total operating expenses fell 22.3% from the prior-year period to HK$18.9 million from HK$24.3 million.
Reported net income grew from the prior-year period to HK$27.9 million, or 0 cents per share, from HK$13.2 million, or 0 cents per share.
