New Century Group Hong Kong Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was a loss of HK$38.0 million, compared with income of HK$44.3 million in the prior-year period.

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

Reported net income came to a loss of HK$48.6 million, or a loss of 1 cents per share, compared to income of HK$27.5 million, or 0 cents per share, in the prior-year period.