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NWDS China fiscal H1 profit falls YOY

NWDS China Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 10 Hong Kong cents per share, a decrease of 42.9% from 17 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$166.5 million, a decrease of 42.9% from HK$291.5 million in the year-earlier period.

Total revenue declined year over year to HK$2.11 billion from HK$2.18 billion, and total operating expenses rose 8.9% on an annual basis to HK$1.87 billion from HK$1.72 billion.

Reported net income fell 41.1% from the prior-year period to HK$206.0 million, or 12 cents per share, from HK$349.9 million, or 21 cents per share.