Carrianna Group Holdings Co. Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to 4 Hong Kong cents per share, a decrease of 60.0% from 9 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$44.5 million, a decrease of 58.2% from HK$106.3 million in the prior-year period.
Total revenue declined 12.6% year over year to HK$377.5 million from HK$431.7 million, and total operating expenses decreased 10.7% from the prior-year period to HK$313.7 million from HK$351.1 million.
Reported net income decreased 61.3% from the prior-year period to HK$57.8 million, or 5 cents per share, from HK$149.4 million, or 12 cents per share.
