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Joyce Boutique Holdings fiscal H1 profit climbs YOY

Joyce Boutique Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to 2 Hong Kong cents per share, a gain from 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$24.6 million, a gain from HK$23.8 million in the year-earlier period.

Total revenue rose 5.8% year over year to HK$653.6 million from HK$617.8 million, and total operating expenses climbed 6.1% year over year to HK$615.6 million from HK$580.3 million.

Reported net income increased 5.8% from the prior-year period to HK$32.8 million, or 2 cents per share, from HK$31.0 million, or 2 cents per share.