Texwinca Holdings Ltd. said its normalized net income for the fiscal second half ended March 31 amounted to 19 Hong Kong cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.
EPS increased 11.9% year over year from 17 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$262.8 million, an increase of 12.6% from HK$233.5 million in the year-earlier period.
Total revenue declined 6.0% year over year to HK$4.86 billion from HK$5.17 billion, and total operating expenses declined 8.3% year over year to HK$4.57 billion from HK$4.98 billion.
Reported net income increased 32.7% from the prior-year period to HK$381.4 million, or 28 cents per share, from HK$287.3 million, or 21 cents per share.
For the year, the company's normalized net income totaled 39 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 61 cents.
EPS rose 8.8% from 36 cents in the prior year.
Normalized net income was HK$543.2 million, an increase of 9.7% from HK$495.4 million in the prior year.
Full-year total revenue fell 5.4% from the prior-year period to HK$9.32 billion from HK$9.86 billion, and total operating expenses decreased 8.0% year over year to HK$8.75 billion from HK$9.52 billion.
The company said reported net income increased 15.9% year over year to HK$773.7 million, or 56 cents per share, in the full year, from HK$667.8 million, or 49 cents per share.