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Fujikon Industrial swings to loss in fiscal H1

Fujikon Industrial Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of HK$2.2 million, compared with income of HK$39.8 million in the year-earlier period.

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

Total revenue declined 16.4% on an annual basis to HK$675.7 million from HK$807.9 million, and total operating expenses fell 9.4% from the prior-year period to HK$673.7 million from HK$743.3 million.

Reported net income came to a loss of HK$1.9 million, or a loss of 0 cents per share, compared to income of HK$45.1 million, or 10 cents per share, in the prior-year period.