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Evershine Group Q3 loss widens YOY

Evershine Group Holdings Ltd. said its normalized net income for the third quarter amounted to a loss of HK$7.8 million, compared with a loss of HK$1.7 million in the prior-year period.

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

Total revenue grew 38.3% on an annual basis to HK$6.6 million from HK$4.8 million, and total operating expenses rose year over year to HK$17.5 million from HK$7.6 million.

Reported net income totaled a loss of HK$12.5 million, or a loss of 1 cents per share, compared to a loss of HK$2.6 million, or a loss of 0 cents per share, in the prior-year period.