Hong Kong Resources Holdings Co. Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to HK$8.9 million, a fall of 12.2% from HK$10.2 million in the year-earlier period.

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

Total revenue fell 6.1% year over year to HK$638.5 million from HK$680.3 million, and total operating expenses totaled HK$681.3 million, compared with HK$685.2 million in the year-earlier period.

Reported net income totaled a loss of HK$28.8 million, or a loss of 1 cents per share, compared to a loss of HK$26.4 million, or a loss of 1 cents per share, in the year-earlier period.