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I.T Ltd. fiscal H1 profit climbs YOY

I.T Ltd said its normalized net income for the fiscal first half ended Aug. 31 was 4 Hong Kong cents per share, an increase from 2 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$51.9 million, a gain from HK$22.1 million in the year-earlier period.

Total revenue rose 9.8% on an annual basis to HK$3.23 billion from HK$2.94 billion, and total operating expenses increased 7.8% on an annual basis to HK$3.11 billion from HK$2.88 billion.

Reported net income increased 76.5% year over year to HK$48.9 million, or 4 cents per share, from HK$27.7 million, or 2 cents per share.