G.A. Holdings Ltd. said its first-quarter normalized net income amounted to 3 Hong Kong cents per share, an increase of 34.2% from 2 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$12.5 million, an increase of 34.2% from HK$9.3 million in the prior-year period.
The normalized profit margin rose to 9.6% from 9.2% in the year-earlier period.
Total revenue grew 30.4% year over year to HK$131.7 million from HK$101.0 million, and total operating expenses increased 33.4% from the prior-year period to HK$111.7 million from HK$83.7 million.
Reported net income increased on an annual basis to HK$59.3 million, or 12 cents per share, from HK$9.9 million, or 2 cents per share.
