BeijingWest Industries International Ltd. said its normalized net income for the first half came to 15 Hong Kong cents per share, an increase of 88.8% from 8 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$88.2 million, a gain from HK$38.6 million in the prior-year period.

Total revenue fell on an annual basis to HK$1.51 billion from HK$1.58 billion, and total operating expenses fell 8.5% year over year to HK$1.42 billion from HK$1.55 billion.

Reported net income grew 12.7% on an annual basis to HK$108.5 million, or 19 cents per share, from HK$96.2 million, or 20 cents per share.