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SUNeVision fiscal Q2 profit climbs YOY

SUNeVision Holdings Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 2 Hong Kong cents per share, an increase from 2 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$92.9 million, an increase from HK$90.2 million in the prior-year period.

The normalized profit margin dropped to 38.1% from 40.4% in the year-earlier period.

Total revenue increased 9.3% year over year to HK$243.7 million from HK$223.1 million, and total operating expenses increased 16.5% on an annual basis to HK$100.1 million from HK$85.9 million.

Reported net income grew year over year to HK$124.5 million, or 3 cents per share, from HK$121.7 million, or 3 cents per share.