trending Market Intelligence /marketintelligence/en/news-insights/trending/MAq4Qvb7bRnljY-8dLUfoQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Oriental Watch swings to loss in fiscal H2

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Oriental Watch swings to loss in fiscal H2

Oriental Watch Holdings Ltd. said its normalized net income for the fiscal second half ended March 31 was a loss of HK$5.3 million, compared with income of HK$3.9 million in the year-earlier period.

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

Total revenue declined 10.7% year over year to HK$1.58 billion from HK$1.77 billion, and total operating expenses fell 9.5% from the prior-year period to HK$1.60 billion from HK$1.77 billion.

Reported net income totaled a loss of HK$6.6 million, or a loss of 1 cents per share, compared to income of HK$684,720, or 0 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled HK$4.6 million, compared with income of HK$20.7 million in the prior year.

Full-year total revenue declined 10.6% from the prior-year period to HK$3.11 billion from HK$3.48 billion, and total operating expenses fell 9.1% on an annual basis to HK$3.14 billion from HK$3.46 billion.

The company said reported net income fell 78.1% year over year to HK$4.5 million, or 1 cents per share, in the full year, from HK$20.6 million, or 4 cents per share.