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Water Oasis Group fiscal H1 profit climbs 90.0% YOY

Water Oasis Group Ltd said its normalized net income for the fiscal first half ended March 31 came to 3 Hong Kong cents per share, an increase of 90.0% from 2 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$24.0 million, an increase of 90.0% from HK$12.6 million in the year-earlier period.

Total revenue rose 7.2% year over year to HK$354.7 million from HK$330.9 million, and total operating expenses rose from the prior-year period to HK$196.0 million from HK$189.7 million.

Reported net income rose year over year to HK$31.6 million, or 4 cents per share, from HK$6.7 million, or 1 cents per share.