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KEE Holdings H1 profit falls YOY

KEE Holdings Co. Ltd. said its first-half normalized net income came to 1 Hong Kong cents per share, a decline of 10.7% from 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$4.9 million, a decrease of 8.9% from HK$5.4 million in the prior-year period.

Total revenue decreased 10.2% year over year to HK$77.5 million from HK$86.3 million, and total operating expenses declined 14.5% from the prior-year period to HK$66.5 million from HK$77.8 million.

Reported net income rose year over year to HK$36.9 million, or 9 cents per share, from HK$6.0 million, or 1 cents per share.