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Xinyi Automobile Glass Hong Kong Q2 profit falls YOY

4913204 said its normalized net income for the second quarter was HK$1.3 million, a decline of 47.0% from HK$2.4 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 declined to 9.8% from 19.7% in the year-earlier period.

otal revenue climbed 7.0% year over year to HK$13.1 million from HK$12.3 million, and total operating expenses rose 31.8% from the pr Xinyi Automobile Glass Hong Kong Enterprises Ltd.