Bauhaus International (Holdings) Ltd said its normalized net income for the fiscal second half ended March 31 was 21 Hong Kong cents per share, a decrease of 4.9% from 22 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$75.6 million, a decline from HK$79.0 million in the year-earlier period.

Total revenue increased 8.9% year over year to HK$955.6 million from HK$877.3 million, and total operating expenses grew 10.8% from the prior-year period to HK$831.8 million from HK$750.4 million.

Reported net income totaled HK$108.7 million, or 30 cents per share, compared to HK$108.9 million, or 30 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 25 cents per share, a fall from 26 cents per share in the prior year.

Normalized net income was HK$91.1 million, a decline from HK$93.2 million in the prior year.

Full-year total revenue grew 11.5% from the prior-year period to HK$1.59 billion from HK$1.43 billion, and total operating expenses grew 13.3% year over year to HK$1.44 billion from HK$1.27 billion.

The company said reported net income grew on an annual basis to HK$129.5 million, or 35 cents per share, in the full year, from HK$125.1 million, or 35 cents per share.