SDM Group Holdings Ltd. said its first-quarter normalized net income came to HK$1.3 million, a fall of 26.7% from HK$1.7 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 fell to 8.9% from 13.0% in the year-earlier period.
Total revenue rose 8.6% on an annual basis to HK$14.3 million from HK$13.2 million, and total operating expenses climbed 18.8% from the prior-year period to HK$12.3 million from HK$10.4 million.
Reported net income came to HK$1.7 million, or 1 cents per share, compared to a loss of HK$2.5 million, or a loss of 6 cents per share, in the prior-year period.
