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Fujikon Industrial fiscal H1 loss widens YOY

Fujikon Industrial Holdings Ltd said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of HK$8.9 million, compared with a loss of HK$2.2 million in the prior-year period.

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

Total revenue decreased 21.7% year over year to HK$528.7 million from HK$675.7 million, and total operating expenses fell 20.9% from the prior-year period to HK$532.6 million from HK$673.7 million.

Reported net income totaled a loss of HK$11.4 million, or a loss of 3 cents per share, compared to a loss of HK$1.9 million, or a loss of 0 cents per share, in the prior-year period.