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Fujian Holdings H1 loss narrows YOY

Fujian Holdings Ltd. said its first-half normalized net income was a loss of HK$2.1 million, compared with a loss of HK$2.9 million in the prior-year period.

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

Total revenue climbed 22.9% year over year to HK$13.1 million from HK$10.6 million, and total operating expenses increased from the prior-year period to HK$16.9 million from HK$16.1 million.

Reported net income came to a loss of HK$3.1 million, or a loss of 0 cents per share, compared to a loss of HK$4.2 million, or a loss of 1 cents per share, in the year-earlier period.