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Suga International fiscal H1 profit climbs 13.3% YOY

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Suga International fiscal H1 profit climbs 13.3% YOY

Suga International Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to 10 Hong Kong cents per share, a gain of 12.0% from 9 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$27.1 million, a gain of 13.3% from HK$23.9 million in the year-earlier period.

Total revenue climbed on an annual basis to HK$703.8 million from HK$680.4 million, and total operating expenses climbed on an annual basis to HK$663.3 million from HK$648.5 million.

Reported net income fell 73.8% year over year to HK$39.0 million, or 14 cents per share, from HK$149.1 million, or 55 cents per share.