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Major Holdings fiscal Q3 profit climbs YOY

Major Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was HK$7.3 million, a rise from HK$3.4 million in the year-earlier period.

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

The normalized profit margin rose to 10.0% from 5.2% in the year-earlier period.

Total revenue increased 10.8% year over year to HK$73.2 million from HK$66.1 million, and total operating expenses increased on an annual basis to HK$61.9 million from HK$60.0 million.

Reported net income increased year over year to HK$9.8 million, or 0 cents per share, from HK$1.8 million, or 0 cents per share.