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China Investments Holdings full-year profit falls YOY

China Investments Holdings Ltd. said its normalized net income for the full year was HK$783,130, a decline of 92.5% from HK$10.4 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 fell to 3.2% from 29.3% in the year-earlier period.

Total revenue declined 31.0% on an annual basis to HK$24.6 million from HK$35.6 million, and total operating expenses fell from the prior-year period to HK$72.0 million from HK$73.0 million.

Reported net income came to a loss of HK$2.7 million, or a loss of 0 cents per share, compared to income of HK$7.4 million, or 0 cents per share, in the year-earlier period.