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Li Bao Ge Group swings to profit in Q3

4911101 said its third-quarter normalized net income came to HK$3.5 million, compared with a loss of HK$3.7 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 climbed to 5.1% from negative 6.5% in the year-earlier period.

otal revenue increased 22.2% year over year to HK$68.5 million from HK$56.1 million, and total operating expenses increased 11.7% on an annual basis to HK Li Bao Ge Group Ltd.