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Zhuhai Holdings H1 profit climbs YOY

Zhuhai Holdings Investment Group Ltd said its normalized net income for the first half amounted to HK$24.0 million, an increase from HK$11.7 million in the year-earlier period.

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

Total revenue climbed on an annual basis to HK$1.52 billion from HK$726.1 million, and total operating expenses increased year over year to HK$1.44 billion from HK$650.0 million.

Reported net income grew 72.9% year over year to HK$19.7 million, or 1 cents per share, from HK$11.4 million, or 1 cents per share.