trending Market Intelligence /marketintelligence/en/news-insights/trending/58l8gaecgW28YAdi4bx5HA2 content esgSubNav
In This List

Sau San Tong swings to loss in fiscal Q4

Case Study

A Sports League Maximizes Revenue from Media Rights


Japan M&A By the Numbers: Q4 2023


Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity

Sau San Tong swings to loss in fiscal Q4

Sau San Tong Holdings Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of HK$16.3 million, compared with income of HK$2.1 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 climbed to 8.6% from 0.6% in the year-earlier period.

Total revenue came to HK$352.3 million, compared with HK$353.3 million in the prior-year period, and total operating expenses rose 12.6% on an annual basis to HK$387.0 million from HK$343.6 million.

Reported net income grew on an annual basis to HK$56.6 million, or 3 cents per share, from HK$2.2 million, or 0 cents per share.

For the year, the company's normalized net income totaled a loss of 4 cents per share, compared with 2 cents per share in the prior year.

Normalized net income was a loss of HK$25.6 million, compared with income of HK$5.0 million in the prior year.

Full-year total revenue increased 7.3% from the prior-year period to HK$1.46 billion from HK$1.36 billion, and total operating expenses increased 11.7% year over year to HK$1.50 billion from HK$1.34 billion.

The company said reported net income grew on an annual basis to HK$39.4 million, or 6 cents per share, in the full year, from HK$3.2 million, or 1 cents per share.