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Tung Lok Restaurants fiscal H1 loss widens 76.9% YOY

Tung Lok Restaurants (2000) Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was a loss of S$1.1 million, compared with a loss of S$605,880 in the year-earlier period.

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

Total revenue totaled S$38.8 million, compared with S$38.9 million in the year-earlier period, and total operating expenses declined on an annual basis to S$41.1 million from S$42.2 million.

Reported net income came to a loss of S$1.4 million, or a loss of 1 cents per share, compared to a loss of S$1.4 million, or a loss of 1 cents per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to S$1.42.