trending Market Intelligence /marketintelligence/en/news-insights/trending/l3hvbE7vgwvM_k_ljkDeTQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Larry Jewelry International Q1 loss narrows YOY


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020

Larry Jewelry International Q1 loss narrows YOY

Larry Jewelry International Co. Ltd. said its normalized net income for the first quarter was a loss of 1 Hong Kong cents per share, compared with a loss of 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of HK$3.9 million, compared with a loss of HK$6.2 million in the year-earlier period.

The normalized profit margin rose to negative 13.0% from negative 13.2% in the year-earlier period.

Total revenue decreased 36.0% on an annual basis to HK$30.3 million from HK$47.4 million, and total operating expenses decreased 34.5% year over year to HK$37.7 million from HK$57.6 million.

Reported net income totaled a loss of HK$6.3 million, or a loss of 2 cents per share, compared to a loss of HK$9.8 million, or a loss of 3 cents per share, in the year-earlier period.