trending Market Intelligence /marketintelligence/en/news-insights/trending/xOGDgpL95dG10HtIaYdcGQ2 content esgSubNav
In This List

Crosstec Group fiscal H1 profit falls YOY


Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System


MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services


Banking Essentials Newsletter: 17th April Edition

Crosstec Group fiscal H1 profit falls YOY

Crosstec Group Holdings Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, was HK$8.4 million, a decrease of 35.9% from HK$13.0 million in the prior-year period.

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

Total revenue decreased 22.3% year over year to HK$59.8 million from HK$76.9 million, and total operating expenses decreased 17.3% year over year to HK$46.4 million from HK$56.1 million.

Reported net income decreased 49.5% from the prior-year period to HK$8.8 million, or 0 cents per share, from HK$17.4 million.