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National Electronics Holdings fiscal H1 profit falls YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

National Electronics Holdings fiscal H1 profit falls YOY

National Electronics Holdings Ltd said its normalized net income for the fiscal first half ended Sept. 30 amounted to 1 Hong Kong cents per share, a decrease of 53.3% from 3 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$15.4 million, a decrease of 53.3% from HK$33.0 million in the prior-year period.

Total revenue decreased 22.6% on an annual basis to HK$646.9 million from HK$836.4 million, and total operating expenses decreased 22.3% year over year to HK$593.0 million from HK$763.5 million.

Reported net income declined 62.4% from the prior-year period to HK$30.6 million, or 3 cents per share, from HK$81.3 million, or 8 cents per share.