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UKF Holdings fiscal Q1 profit climbs 46.7% YOY

UKF (Holdings) Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to HK$8.6 million, a rise of 46.7% from HK$5.9 million 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 9.3% from 7.6% in the year-earlier period.

Total revenue rose 18.8% year over year to HK$92.5 million from HK$77.8 million, and total operating expenses grew 14.0% from the prior-year period to HK$77.4 million from HK$67.9 million.

Reported net income grew 41.3% year over year to HK$12.7 million, or 1 cents per share, from HK$9.0 million, or 0 cents per share.