trending Market Intelligence /marketintelligence/en/news-insights/trending/MFOa78FBVfviOTqecolFuw2 content esgSubNav
In This List

Heng Xin China Q1 loss narrows YOY

Blog

Broadcast deal market recap, Q2'22

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022


Heng Xin China Q1 loss narrows YOY

Heng Xin China Holdings Ltd. said its normalized net income for the first quarter came to a loss of HK$9.5 million, compared with a loss of HK$11.9 million in the prior-year period.

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

The normalized profit margin rose to negative 248.7% from negative 278.8% in the year-earlier period.

Total revenue fell 12.0% on an annual basis to HK$3.7 million from HK$4.3 million, and total operating expenses fell 24.6% on an annual basis to HK$16.6 million from HK$22.0 million.

Reported net income came to a loss of HK$15.5 million, or a loss of 0 cents per share, compared to a loss of HK$18.9 million, or a loss of 0 cents per share, in the prior-year period.