trending Market Intelligence /marketintelligence/en/news-insights/trending/K-FjxxLQUKlM45ozRiSM6Q2 content esgSubNav
In This List

UKF Holdings swings to loss in fiscal Q4

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


UKF Holdings swings to loss in fiscal Q4

UKF (Holdings) Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of HK$2.0 million, compared with income of HK$3.1 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 declined to negative 2.2% from 3.0% in the year-earlier period.

Total revenue declined 14.5% year over year to HK$89.1 million from HK$104.2 million, and total operating expenses fell 8.9% from the prior-year period to HK$90.7 million from HK$99.6 million.

Reported net income totaled a loss of HK$3.2 million, or a loss of 0 cents per share, compared to income of HK$2.6 million, or 0 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled HK$23.8 million, a fall from HK$25.0 million in the prior year.

Full-year total revenue amounted to HK$301.6 million, compared with HK$301.6 million in the prior year, and total operating expenses fell on an annual basis to HK$257.5 million from HK$261.3 million.

The company said reported net income grew on an annual basis to HK$36.6 million, or 1 cents per share, in the full year, from HK$35.9 million, or 2 cents per share.