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China Fortune Investments Q3 loss narrows YOY

China Fortune Investments (Holding) Ltd. said its normalized net income for the third quarter came to a loss of HK$457,000, compared with a loss of HK$1.2 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 fell to negative 4.9% from negative 3.5% in the year-earlier period.

Total revenue climbed on an annual basis to HK$67.8 million from HK$33.9 million, and total operating expenses rose 83.5% year over year to HK$56.5 million from HK$30.8 million.

Reported net income came to a loss of HK$2.7 million, or a loss of 0 cents per share, compared to a loss of HK$1.9 million, or a loss of 0 cents per share, in the year-earlier period.