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Bonjour Holdings swings to loss in H1

Bonjour Holdings Ltd. said its first-half normalized net income amounted to a loss of HK$17.4 million, compared with income of HK$19.4 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell 11.9% year over year to HK$1.01 billion from HK$1.15 billion, and total operating expenses fell 7.1% on an annual basis to HK$1.03 billion from HK$1.11 billion.

Reported net income came to a loss of HK$27.7 million, or a loss of 1 cents per share, compared to income of HK$24.6 million, or 1 cents per share, in the prior-year period.