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Oriental Watch fiscal H1 profit climbs YOY

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Oriental Watch fiscal H1 profit climbs YOY

Oriental Watch Holdings Ltd said its normalized net income for the fiscal first half ended Sept. 30 came to HK$3.1 million, a gain from HK$737,380 in the year-earlier period.

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

Total revenue increased on an annual basis to HK$1.57 billion from HK$1.53 billion, and total operating expenses climbed on an annual basis to HK$1.58 billion from HK$1.54 billion.

Reported net income declined 76.3% on an annual basis to HK$2.6 million, or 0 cents per share, from HK$11.1 million, or 2 cents per share.