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.
