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Kingmaker Footwear fiscal H1 profit falls YOY

Kingmaker Footwear Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to 4 Hong Kong cents per share, a decrease of 11.1% from 5 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$29.2 million, a decline of 11.1% from HK$32.9 million in the year-earlier period.

Total revenue climbed 21.9% on an annual basis to HK$1.19 billion from HK$976.0 million, and total operating expenses increased 23.4% on an annual basis to HK$1.15 billion from HK$934.4 million.

Reported net income fell 26.5% from the prior-year period to HK$39.4 million, or 6 cents per share, from HK$53.6 million, or 8 cents per share.