trending Market Intelligence /marketintelligence/en/news-insights/trending/mfeH1WT2m8KcC5Ij2INM6g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

NWDS China fiscal H2 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


NWDS China fiscal H2 profit falls YOY

NWDS China Ltd. said its normalized net income for the fiscal second half ended June 30 came to 4 Hong Kong cents per share, a decline of 19.4% from 5 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 HK$70.4 million, a decrease of 19.4% from HK$87.3 million in the prior-year period.

Total revenue declined 12.8% year over year to HK$1.78 billion from HK$2.04 billion, and total operating expenses decreased 12.7% from the prior-year period to HK$1.66 billion from HK$1.91 billion.

Reported net income totaled a loss of HK$14.2 million, or a loss of 1 cents per share, compared to a loss of HK$136.2 million, or a loss of 8 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled 9 cents per share, a decline of 38.1% from 15 cents per share in the prior year.

Normalized net income was HK$157.1 million, a fall of 38.1% from HK$253.8 million in the prior year.

Full-year total revenue declined 9.2% year over year to HK$3.77 billion from HK$4.15 billion, and total operating expenses declined 7.9% on an annual basis to HK$3.48 billion from HK$3.78 billion.

The company said reported net income declined 34.6% on an annual basis to HK$45.6 million, or 3 cents per share, in the full year, from HK$69.7 million, or 4 cents per share.