trending Market Intelligence /marketintelligence/en/news-insights/trending/Us-v2KCuyBU9cG6WPy1ZoQ2 content esgSubNav
In This List

Victory City International fiscal H2 profit falls YOY

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Automating Credit Risk Surveillance Using Statistical Models

Case Study

Searching for Alpha with Textual Data


Victory City International fiscal H2 profit falls YOY

Victory City International Holdings Ltd. said its normalized net income for the fiscal second half ended March 31 came to 4 Hong Kong cents per share, a decline of 21.4% from 5 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$68.2 million, a decrease of 17.7% from HK$82.8 million in the year-earlier period.

Total revenue fell 22.3% on an annual basis to HK$2.23 billion from HK$2.87 billion, and total operating expenses fell 23.6% year over year to HK$2.06 billion from HK$2.70 billion.

Reported net income decreased 18.6% on an annual basis to HK$111.2 million, or 6 cents per share, from HK$136.7 million, or 8 cents per share.

For the year, the company's normalized net income totaled 4 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 27 cents.

EPS declined 56.4% from 10 cents in the prior year.

Normalized net income was HK$79.9 million, a fall of 54.2% from HK$174.3 million in the prior year.

Full-year total revenue fell from the prior-year period to HK$5.14 billion from HK$5.37 billion, and total operating expenses decreased 6.4% year over year to HK$4.71 billion from HK$5.03 billion.

The company said reported net income rose 44.6% on an annual basis to HK$400.2 million, or 22 cents per share, in the full year, from HK$276.8 million, or 16 cents per share.