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Cafe de Coral fiscal H1 profit climbs YOY

Cafe de Coral Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to 32 Hong Kong cents per share, a gain from 31 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$185.1 million, an increase from HK$180.9 million in the prior-year period.

Total revenue rose 8.5% on an annual basis to HK$3.70 billion from HK$3.41 billion, and total operating expenses climbed 9.0% from the prior-year period to HK$3.42 billion from HK$3.14 billion.

Reported net income totaled HK$243.1 million, or 42 cents per share, compared to HK$242.9 million, or 42 cents per share, in the year-earlier period.