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UKF Holdings fiscal Q3 profit climbs 8.9% YOY

UKF (Holdings) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was HK$8.8 million, a rise of 8.9% from HK$8.1 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 increased to 22.7% from 17.7% in the year-earlier period.

Total revenue fell 15.1% on an annual basis to HK$38.9 million from HK$45.8 million, and total operating expenses decreased 26.9% year over year to HK$23.7 million from HK$32.5 million.

Reported net income rose 9.1% on an annual basis to HK$14.0 million, or 1 cents per share, from HK$12.8 million, or 1 cents per share.