trending Market Intelligence /marketintelligence/en/news-insights/trending/qOzPOITT4QA1m-Ljt0DTqw2 content esgSubNav
In This List

Kenford Group fiscal H2 loss narrows YOY

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT

Blog

TCFD Reporting in Singapore

Blog

Plant upgrades and extensions drive 2025 cable capex forecast


Kenford Group fiscal H2 loss narrows YOY

Kenford Group Holdings Ltd said its normalized net income for the fiscal second half ended March 31 amounted to a loss of HK$2.9 million, compared with a loss of HK$23.2 million in the year-earlier period.

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

Total revenue fell 5.7% year over year to HK$275.8 million from HK$292.5 million, and total operating expenses declined 15.1% on an annual basis to HK$283.2 million from HK$333.4 million.

Reported net income came to a loss of HK$5.9 million, or a loss of 1 cents per share, compared to a loss of HK$33.3 million, or a loss of 8 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled HK$2.1 million, compared with a loss of HK$-23.1 million in the prior year.

Full-year total revenue fell 5.2% from the prior-year period to HK$585.0 million from HK$617.2 million, and total operating expenses declined 11.1% on an annual basis to HK$588.7 million from HK$662.6 million.

The company said reported net income totaled HK$794,850, or 0 cents per share, in the full year, compared with a loss of HK$31.6 million, or a loss of 7 cents per share, the prior year.