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China Vanguard You Champion fiscal Q2 profit climbs YOY

China Vanguard You Champion Holdings Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to HK$5.1 million, a rise from HK$526,000 in the year-earlier period.

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

The normalized profit margin climbed to 10.7% from 2.6% in the year-earlier period.

Total revenue grew year over year to HK$47.3 million from HK$20.2 million, and total operating expenses climbed 32.0% from the prior-year period to HK$22.3 million from HK$16.9 million.

Reported net income grew year over year to HK$11.7 million, or 0 cents per share, from HK$604,760, or 0 cents per share.