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Time Watch Investments fiscal H1 profit falls YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Time Watch Investments fiscal H1 profit falls YOY

Time Watch Investments Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to 7 Hong Kong cents per share, a decrease from 7 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$136.9 million, a decline from HK$143.0 million in the year-earlier period.

Total revenue declined year over year to HK$1.29 billion from HK$1.31 billion, and total operating expenses came to HK$1.10 billion, compared with HK$1.10 billion in the year-earlier period.

Reported net income increased 7.9% year over year to HK$169.5 million, or 8 cents per share, from HK$157.1 million, or 8 cents per share.