Combine Will International Holdings Ltd. said its normalized net income for the second quarter was 45 Hong Kong cents per share, an increase from 14 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$14.7 million, an increase from HK$4.7 million in the year-earlier period.

The normalized profit margin rose to 2.6% from 0.9% in the year-earlier period.

Total revenue grew 13.0% on an annual basis to HK$566.3 million from HK$501.1 million, and total operating expenses climbed 9.1% on an annual basis to HK$535.5 million from HK$490.7 million.

Reported net income decreased 18.0% on an annual basis to HK$5.2 million, or 16 cents per share, from HK$6.4 million, or 19 cents per share.