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Regina Miracle International fiscal H1 profit climbs 58.7% YOY

Regina Miracle International (Holdings) Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to 19 Hong Kong cents per share, an increase of 58.7% from 12 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$170.7 million, an increase of 58.7% from HK$107.5 million in the prior-year period.

Total revenue grew 26.3% on an annual basis to HK$2.51 billion from HK$1.99 billion, and total operating expenses rose 22.8% on an annual basis to HK$2.20 billion from HK$1.79 billion.

Reported net income rose 43.4% from the prior-year period to HK$217.4 million, or 25 cents per share, from HK$151.6 million, or 17 cents per share.