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Winox Holdings H2 profit climbs 85.2% YOY

Winox Holdings Ltd. said its normalized net income for the second half was 8 Hong Kong cents per share, an increase of 85.1% from 4 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$38.0 million, a gain of 85.2% from HK$20.5 million in the prior-year period.

Total revenue increased 37.8% on an annual basis to HK$404.4 million from HK$293.5 million, and total operating expenses rose 34.3% from the prior-year period to HK$346.1 million from HK$257.8 million.

Reported net income rose 81.8% from the prior-year period to HK$48.6 million, or 10 cents per share, from HK$26.7 million, or 5 cents per share.

For the year, the company's normalized net income totaled 13 cents per share, a gain of 74.6% from 7 cents per share in the prior year.

Normalized net income was HK$63.3 million, a rise of 74.6% from HK$36.2 million in the prior year.

Full-year total revenue rose 32.6% on an annual basis to HK$720.9 million from HK$543.7 million, and total operating expenses increased 28.8% on an annual basis to HK$622.1 million from HK$483.2 million.

The company said reported net income grew 76.8% year over year to HK$80.7 million, or 16 cents per share, in the full year, from HK$45.7 million, or 9 cents per share.