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Cafe de Coral fiscal H1 profit falls YOY

Cafe de Coral Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to 28 Hong Kong cents per share, a decrease of 14.5% from 33 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$164.5 million, a decline of 14.7% from HK$192.8 million in the prior-year period.

Total revenue climbed on an annual basis to HK$3.73 billion from HK$3.62 billion, and total operating expenses increased year over year to HK$3.48 billion from HK$3.33 billion.

Reported net income fell 17.4% on an annual basis to HK$207.4 million, or 36 cents per share, from HK$251.2 million, or 43 cents per share.