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Sparkle Roll swings to profit in fiscal H1

Sparkle Roll Group Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to HK$2.8 million, compared with a loss of HK$12.0 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue increased 6.4% year over year to HK$1.62 billion from HK$1.53 billion, and total operating expenses rose from the prior-year period to HK$1.60 billion from HK$1.53 billion.

Reported net income totaled HK$3.5 million, or 0 cents per share, compared to a loss of HK$18.7 million, or a loss of 1 cents per share, in the prior-year period.