trending Market Intelligence /marketintelligence/en/news-insights/trending/o6SBsd3O9KJToxpefJ9dpA2 content esgSubNav
In This List

Hong Kong Resources Holdings swings to profit in fiscal H1

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Hong Kong Resources Holdings swings to profit in fiscal H1

Hong Kong Resources Holdings Co. Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to HK$10.2 million, compared with a loss of HK$43.3 million in the year-earlier period.

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

Total revenue declined 20.2% on an annual basis to HK$680.3 million from HK$852.7 million, and total operating expenses fell 23.6% on an annual basis to HK$685.2 million from HK$897.1 million.

Reported net income came to a loss of HK$26.4 million, or a loss of 1 cents per share, compared to a loss of HK$70.6 million, or a loss of 2 cents per share, in the prior-year period.