trending Market Intelligence /marketintelligence/en/news-insights/trending/i9JZ9eBlgY9C7lw8p_nRKQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Major Holdings fiscal Q2 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Major Holdings fiscal Q2 profit falls YOY

Major Holdings Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to HK$1.6 million, a decrease of 33.4% from HK$2.4 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 3.2% from 4.0% in the year-earlier period.

Total revenue declined 15.7% year over year to HK$49.4 million from HK$58.6 million, and total operating expenses declined 14.9% on an annual basis to HK$46.9 million from HK$55.2 million.

Reported net income decreased 35.4% from the prior-year period to HK$2.0 million, or 0 cents per share, from HK$3.1 million, or 0 cents per share.