China-Hongkong Photo Products Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to HK$3.6 million, an increase of 28.2% from HK$2.8 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue grew 59.3% on an annual basis to HK$521.0 million from HK$327.1 million, and total operating expenses grew 59.0% on an annual basis to HK$516.7 million from HK$325.0 million.
Reported net income increased on an annual basis to HK$4.2 million, or 0 cents per share, from HK$1.9 million, or 0 cents per share.
