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Alco Holdings swings to loss in fiscal H1

Alco Holdings Ltd said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of HK$7.0 million, compared with income of HK$5.1 million in the year-earlier period.

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

Total revenue climbed on an annual basis to HK$1.10 billion from HK$1.05 billion, and total operating expenses grew on an annual basis to HK$1.11 billion from HK$1.06 billion.

Reported net income came to a loss of HK$9.3 million, or a loss of 2 cents per share, compared to a loss of HK$22.0 million, or a loss of 4 cents per share, in the prior-year period.