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Regina Miracle International fiscal H2 profit climbs 36.7% YOY

Regina Miracle International (Holdings) Ltd. said its normalized net income for the fiscal second half ended March 31 came to 17 Hong Kong cents per share, compared with 17 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$202.5 million, a gain of 36.7% from HK$148.2 million in the year-earlier period.

Total revenue grew 16.6% on an annual basis to HK$2.57 billion from HK$2.21 billion, and total operating expenses rose 16.8% from the prior-year period to HK$2.26 billion from HK$1.93 billion.

Reported net income grew 20.6% from the prior-year period to HK$224.6 million, or 19 cents per share, from HK$186.2 million, or 21 cents per share.

For the year, the company's normalized net income totaled 36 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 39 cents.

EPS rose 23.3% from 29 cents in the prior year.

Normalized net income was HK$373.2 million, an increase of 45.9% from HK$255.7 million in the prior year.

Full-year total revenue increased 21.2% from the prior-year period to HK$5.08 billion from HK$4.19 billion, and total operating expenses rose 19.7% year over year to HK$4.46 billion from HK$3.72 billion.

The company said reported net income increased 30.9% year over year to HK$442.1 million, or 42 cents per share, in the full year, from HK$337.8 million, or 38 cents per share.