Dickson Concepts (International) Ltd said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of 20 Hong Kong cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 cents per share.
The per-share result swung to a loss from the prior-year profit of 11 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of HK$75.5 million, compared with income of HK$40.0 million in the year-earlier period.
Total revenue rose 5.0% on an annual basis to HK$2.04 billion from HK$1.94 billion, and total operating expenses rose 14.9% year over year to HK$2.17 billion from HK$1.89 billion.
Reported net income came to a loss of HK$133.4 million, or a loss of 35 cents per share, compared to income of HK$44.0 million, or 12 cents per share, in the year-earlier period.
