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Season Pacific fiscal Q3 profit climbs YOY

Season Pacific Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was HK$1.7 million, a rise from HK$728,750 in the prior-year period.

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

The normalized profit margin climbed to 5.4% from 3.1% in the year-earlier period.

Total revenue climbed 31.5% on an annual basis to HK$30.8 million from HK$23.4 million, and total operating expenses grew 26.3% from the prior-year period to HK$28.1 million from HK$22.3 million.

Reported net income decreased 36.2% on an annual basis to HK$621,000, or 0 cents per share, from HK$973,000, or 0 cents per share.