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Texwinca Holdings fiscal H1 profit climbs 7.1% YOY

Texwinca Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to 20 Hong Kong cents per share, an increase of 6.1% from 19 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$280.4 million, an increase of 7.1% from HK$261.9 million in the prior-year period.

Total revenue fell on an annual basis to HK$4.46 billion from HK$4.69 billion, and total operating expenses fell 7.7% on an annual basis to HK$4.18 billion from HK$4.53 billion.

Reported net income grew from the prior-year period to HK$392.4 million, or 28 cents per share, from HK$380.6 million, or 28 cents per share.