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G-Vision International fiscal H1 loss narrows YOY

G-Vision International (Holdings) Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of HK$1.1 million, compared with a loss of HK$2.5 million in the year-earlier period.

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

Total revenue climbed 8.5% year over year to HK$46.8 million from HK$43.1 million, and total operating expenses grew from the prior-year period to HK$48.6 million from HK$47.1 million.

Reported net income totaled a loss of HK$1.8 million, or a loss of 0 cents per share, compared to a loss of HK$3.9 million, or a loss of 0 cents per share, in the prior-year period.