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Guru Online fiscal Q3 profit falls YOY

Guru Online (Holdings) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to HK$868,750, a fall of 80.1% from HK$4.4 million in the year-earlier period.

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

The normalized profit margin declined to 1.8% from 10.8% in the year-earlier period.

Total revenue grew 22.0% on an annual basis to HK$49.3 million from HK$40.4 million, and total operating expenses grew 43.7% from the prior-year period to HK$48.2 million from HK$33.6 million.

Reported net income declined 75.8% on an annual basis to HK$1.4 million, or 0 cents per share, from HK$5.9 million, or 0 cents per share.