Green International Holdings Ltd. said its first-half normalized net income was a loss of HK$27.9 million, compared with a loss of HK$19.7 million in the year-earlier period.

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

Total revenue grew 30.0% on an annual basis to HK$21.1 million from HK$16.2 million, and total operating expenses increased 12.7% from the prior-year period to HK$53.9 million from HK$47.9 million.

Reported net income totaled a loss of HK$46.1 million, or a loss of 2 cents per share, compared to income of HK$4.7 million, or 0 cents per share, in the year-earlier period.