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Link Holdings swings to profit in Q3

Link Holdings Ltd. said its third-quarter normalized net income amounted to HK$2.9 million, compared with a loss of HK$1.9 million in the prior-year period.

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

The normalized profit margin climbed to 19.2% from negative 15.3% in the year-earlier period.

Total revenue rose 25.6% year over year to HK$15.2 million from HK$12.1 million, and total operating expenses declined year over year to HK$13.5 million from HK$13.9 million.

Reported net income totaled HK$4.6 million, or 0 cents per share, compared to a loss of HK$3.1 million, or a loss of 0 cents per share, in the year-earlier period.