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Link Holdings Q1 loss narrows YOY

Link Holdings Ltd. said its first-quarter normalized net income was a loss of HK$804,480, compared with a loss of HK$1.7 million in the prior-year period.

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

The normalized profit margin increased to negative 6.3% from negative 17.6% in the year-earlier period.

Total revenue climbed 30.4% year over year to HK$12.7 million from HK$9.7 million, and total operating expenses rose 10.7% year over year to HK$12.5 million from HK$11.3 million.

Reported net income came to a loss of HK$1.7 million, or a loss of 0 cents per share, compared to a loss of HK$2.7 million, or a loss of 0 cents per share, in the year-earlier period.