Lippo Ltd said its normalized net income for the fiscal first half ended Sept. 30 came to 17 Hong Kong cents per share, compared with a loss of 15 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$84.6 million, compared with a loss of HK$73.7 million in the prior-year period.

Total revenue climbed 68.1% on an annual basis to HK$2.52 billion from HK$1.50 billion, and total operating expenses rose 48.5% year over year to HK$2.30 billion from HK$1.55 billion.

Reported net income totaled a loss of HK$49.7 million, or a loss of 10 cents per share, compared to a loss of HK$104.6 million, or a loss of 21 cents per share, in the prior-year period.