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Allan International fiscal H1 profit falls YOY

Allan International Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 8 Hong Kong cents per share, a decline from 8 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$27.8 million, a decline from HK$28.1 million in the year-earlier period.

Total revenue declined year over year to HK$1.08 billion from HK$1.12 billion, and total operating expenses fell on an annual basis to HK$1.04 billion from HK$1.08 billion.

Reported net income declined 18.2% on an annual basis to HK$55.5 million, or 17 cents per share, from HK$67.8 million, or 20 cents per share.