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LJ Williams fiscal Q1 loss widens 82.9% YOY

L.J. Williams Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of TT$267,500, compared with a loss of TT$146,250 in the prior-year period.

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

The normalized profit margin declined to negative 1.2% from negative 0.7% in the year-earlier period.

Total revenue climbed on an annual basis to TT$22.9 million from TT$22.1 million, and total operating expenses grew 5.3% from the prior-year period to TT$22.5 million from TT$21.4 million.

Reported net income came to a loss of TT$493,000, or a loss of 2 cents per share, compared to a loss of TT$272,000, or a loss of 1 cents per share, in the prior-year period.

As of Aug. 21, US$1 was equivalent to TT$6.34.