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

Heng Xin China Q1 loss narrows YOY

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Video

Root and Branch - July 2021: ELFA Survey, Greenium and KPIs

Blog

Can private clouds ever really compete with the public cloud?


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.