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E Lighting Group fiscal Q2 profit climbs YOY

E Lighting Group Holdings Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to HK$4.1 million, a rise from HK$1.4 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 increased to 11.9% from 6.7% in the year-earlier period.

Total revenue rose 60.4% year over year to HK$34.3 million from HK$21.4 million, and total operating expenses grew 77.4% year over year to HK$33.9 million from HK$19.1 million.

Reported net income totaled HK$5.4 million, or 1 cents per share, compared to a loss of HK$5.9 million, or a loss of 2 cents per share, in the prior-year period.