trending Market Intelligence /marketintelligence/en/news-insights/trending/Y4v3rOalUfILwh6eq9VPew2 content esgSubNav
In This List

Finet Group fiscal Q3 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Finet Group fiscal Q3 loss narrows YOY

Finet Group Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of HK$4.3 million, compared with a loss of HK$4.4 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 dropped to negative 126.2% from negative 67.2% in the year-earlier period.

Total revenue fell 48.8% on an annual basis to HK$3.4 million from HK$6.6 million, and total operating expenses increased 22.9% on an annual basis to HK$16.0 million from HK$13.0 million.

Reported net income totaled a loss of HK$7.3 million, or a loss of 2 cents per share, compared to a loss of HK$6.6 million, or a loss of 1 cents per share, in the prior-year period.