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Goldlion Holdings H2 profit falls YOY

Goldlion Holdings Ltd. said its second-half normalized net income was 9 Hong Kong cents per share, a decrease of 9.3% from 9 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$84.0 million, a decrease of 9.4% from HK$92.7 million in the prior-year period.

Total revenue declined year over year to HK$777.0 million from HK$803.3 million, and total operating expenses decreased from the prior-year period to HK$659.1 million from HK$671.0 million.

Reported net income rose 11.6% on an annual basis to HK$192.9 million, or 20 cents per share, from HK$172.8 million, or 18 cents per share.

For the year, the company's normalized net income totaled 21 cents per share, a decrease from 21 cents per share in the prior year.

Normalized net income was HK$202.0 million, a fall from HK$208.8 million in the prior year.

Full-year total revenue declined on an annual basis to HK$1.51 billion from HK$1.54 billion, and total operating expenses decreased year over year to HK$1.22 billion from HK$1.24 billion.

The company said reported net income decreased year over year to HK$401.9 million, or 41 cents per share, in the full year, from HK$421.0 million, or 43 cents per share.