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Anxian Yuan China fiscal H1 profit climbs YOY

Anxian Yuan China Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was HK$7.4 million, a rise from 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 climbed 47.1% year over year to HK$46.7 million from HK$31.7 million, and total operating expenses climbed 6.3% from the prior-year period to HK$34.7 million from HK$32.6 million.

Reported net income rose year over year to HK$5.8 million, or 0 cents per share, from HK$699,110, or 0 cents per share.