YGM Trading Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to 9 Hong Kong cents per share, a decrease of 75.6% from 36 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$14.5 million, a decrease of 75.6% from HK$59.3 million in the year-earlier period.
Total revenue declined 13.4% on an annual basis to HK$510.9 million from HK$589.7 million, and total operating expenses fell year over year to HK$488.7 million from HK$495.6 million.
Reported net income decreased 81.2% from the prior-year period to HK$20.9 million, or 13 cents per share, from HK$111.1 million, or 67 cents per share.
