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Kenford Group fiscal H1 profit climbs YOY

Kenford Group Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to HK$5.0 million, an increase from HK$58,750 in the year-earlier period.

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

Total revenue declined year over year to HK$309.2 million from HK$324.7 million, and total operating expenses decreased 7.2% on an annual basis to HK$305.5 million from HK$329.2 million.

Reported net income grew on an annual basis to HK$6.7 million, or 2 cents per share, from HK$1.7 million, or 0 cents per share.