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Kingmaker Footwear fiscal H1 profit climbs 25.9% YOY

Kingmaker Footwear Holdings Ltd said its normalized net income for the fiscal first half ended Sept. 30 amounted to 5 Hong Kong cents per share, an increase of 26.3% from 4 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$36.8 million, a gain of 25.9% from HK$29.2 million in the year-earlier period.

Total revenue climbed 15.5% on an annual basis to HK$1.37 billion from HK$1.19 billion, and total operating expenses climbed 14.1% from the prior-year period to HK$1.32 billion from HK$1.15 billion.

Reported net income grew 32.2% on an annual basis to HK$52.1 million, or 8 cents per share, from HK$39.4 million, or 6 cents per share.