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Bossini International fiscal H1 profit falls YOY

Bossini International Holdings Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2015, amounted to HK$15.8 million, a decrease of 75.8% from HK$65.2 million in the year-earlier period.

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

Total revenue decreased 13.1% year over year to HK$1.15 billion from HK$1.32 billion, and total operating expenses fell 7.8% from the prior-year period to HK$1.12 billion from HK$1.22 billion.

Reported net income declined 83.9% year over year to HK$14.0 million, or 1 cents per share, from HK$87.4 million, or 5 cents per share.