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Combine Will International Q4 profit falls YOY

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Combine Will International Q4 profit falls YOY

4912510 said its fourth-quarter normalized net income was 14 Hong Kong cents per share, a decline of 30.8% from 20 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$4.5 million, a decrease of 30.8% from HK$6.6 million in the year-earlier period.

The normalized profit margin dropped to 1.1% from 1.2% in the year-earlier period.

Total revenue declined 24.1% year over year to HK$401.2 million from HK$528.4 million, and total operating expenses decreased 23.7% on an annual basis to HK$394.7 million from HK$517.2 million.

Reported net income fell 57.5% year over year to HK$3.2 million, or 10 cents per share, from HK$7.6 million, or 23 cents per share.

For the year, the company's normalized net income totaled 42 cents per share, a fall from 43 cents per share in the prior year.

Normalized net income was HK$13.8 million, a decrease from HK$14.2 million in the prior year.

ull-year total revenue fell from the prior-year period to HK$1.97 billion from HK$2.07 billion, and total operating expenses decreased on an annual basis to HK$1.94 billion from H Combine Will International Holdings Ltd.