King Fook Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of 9 Hong Kong cents per share, compared with a loss of 8 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 a loss of HK$57.9 million, compared with a loss of HK$46.6 million in the prior-year period.
Total revenue fell 25.3% year over year to HK$414.0 million from HK$554.3 million, and total operating expenses decreased 19.3% on an annual basis to HK$503.9 million from HK$624.8 million.
Reported net income came to a loss of HK$92.7 million, or a loss of 14 cents per share, compared to a loss of HK$74.6 million, or a loss of 14 cents per share, in the year-earlier period.
