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HB Global Q3 loss widens YOY

4914645 said its normalized net income for the third quarter was a loss of 5 fen per share, compared with a loss of 2 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 22.8 million yuan, compared with a loss of 8.5 million yuan in the year-earlier period.

The normalized profit margin declined to negative 26.0% from negative 10.8% in the year-earlier period.

Total revenue grew 10.7% year over year to 87.5 million yuan from 79.0 million yuan, and total operating expenses climbed 33.3% on an annual basis to 124.3 million yuan from 93.3 million yuan.

eported net income totaled a loss of 37.0 millio HB Global Ltd..