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I-Control Holdings fiscal Q3 profit climbs 95.9% YOY

i-Control Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to HK$1.3 million, an increase of 95.9% from HK$682,250 in the prior-year period.

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

The normalized profit margin climbed to 3.8% from 2.1% in the year-earlier period.

Total revenue climbed 9.7% on an annual basis to HK$35.4 million from HK$32.3 million, and total operating expenses increased 11.0% year over year to HK$33.3 million from HK$30.0 million.

Reported net income totaled HK$1.7 million, or 0 cents per share, compared to a loss of HK$664,000, or a loss of 0 cents per share, in the year-earlier period.