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Vinda International H1 profit climbs 47.0% YOY

Vinda International Holdings Ltd. said its first-half normalized net income was 26 Hong Kong cents per share, a gain of 47.0% from 18 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$259.2 million, an increase of 47.0% from HK$176.3 million in the prior-year period.

Total revenue climbed 28.9% year over year to HK$4.74 billion from HK$3.68 billion, and total operating expenses grew 28.2% from the prior-year period to HK$4.28 billion from HK$3.33 billion.

Reported net income rose 49.1% on an annual basis to HK$330.8 million, or 33 cents per share, from HK$221.8 million, or 22 cents per share.