trending Market Intelligence /marketintelligence/en/news-insights/trending/LPA_gZJIXTV4hAW6wIL9og2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Kong Shum Union fiscal Q4 profit falls YOY

Blog

OTT players find great value in partnerships but still prefer direct-to-consumer

PODCAST

Episode 10: Cloud Pricing & Complexity

Blog

Tracking Credit Risk at a Major U.S. Retailer

Blog

Global console, mobile and PC gaming drives $175B in content revenue in 2020


Kong Shum Union fiscal Q4 profit falls YOY

Heng Sheng Holdings Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to HK$739,380, a decrease of 67.9% from HK$2.3 million in the year-earlier period.

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

The normalized profit margin fell to 0.8% from 2.8% in the year-earlier period.

Total revenue grew 5.0% on an annual basis to HK$87.6 million from HK$83.4 million, and total operating expenses totaled HK$86.3 million, compared with HK$86.0 million in the year-earlier period.

Reported net income decreased 88.7% from the prior-year period to HK$336,420, or 0 cents per share, from HK$3.0 million, or 1 cents per share.

For the year, the company's normalized net income totaled 1 cents per share, a fall of 13.6% from 1 cents per share in the prior year.

Normalized net income was HK$4.6 million, a decline from HK$4.8 million in the prior year.

Full-year total revenue rose on an annual basis to HK$339.7 million from HK$325.0 million, and total operating expenses increased on an annual basis to HK$332.1 million from HK$316.5 million.

The company said reported net income declined year over year to HK$5.0 million, or 1 cents per share, in the full year, from HK$5.0 million, or 1 cents per share.