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Maxwell International Q3 loss narrows YOY

Maxwell International Holdings Bhd. said its third-quarter normalized net income came to a loss of 687,380 ringgits, compared with a loss of 28.7 million ringgits in the year-earlier period.

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

Reported net income came to a loss of 4.3 million ringgits, or a loss of 1 sen per share, compared to a loss of 46.3 million ringgits, or a loss of 12 sen per share, in the year-earlier period.

As of Nov. 30, US$1 was equivalent to 4.47 ringgits.