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Veeko International fiscal H1 profit climbs YOY

Veeko International Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to HK$26.0 million, a gain from HK$11.9 million in the prior-year period.

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

Total revenue grew 19.7% year over year to HK$862.4 million from HK$720.2 million, and total operating expenses grew 17.5% year over year to HK$825.1 million from HK$702.5 million.

Reported net income increased year over year to HK$36.1 million, or 2 cents per share, from HK$15.4 million, or 1 cents per share.