trending Market Intelligence /marketintelligence/en/news-insights/trending/0gZz-153Lwdgpfj0FDrA9Q2 content esgSubNav
In This List

Isetan (Singapore) Q2 loss narrows YOY

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Isetan (Singapore) Q2 loss narrows YOY

Isetan (Singapore) Ltd. said its normalized net income for the second quarter came to a loss of 5 Singapore cents per share, compared with a loss of 9 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 a loss of S$2.2 million, compared with a loss of S$3.7 million in the year-earlier period.

The normalized profit margin increased to negative 3.2% from negative 5.0% in the year-earlier period.

Total revenue decreased year over year to S$70.0 million from S$72.8 million, and total operating expenses declined 6.5% from the prior-year period to S$73.5 million from S$78.6 million.

Reported net income came to a loss of S$3.5 million, or a loss of 9 cents per share, compared to a loss of S$5.8 million, or a loss of 14 cents per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to S$1.34.