Mercurius Capital Investment Ltd said its second-quarter normalized net income was a loss of S$2.1 million, compared with a loss of S$323,130 in the prior-year period.

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

Total revenue declined 78.2% on an annual basis to S$1.3 million from S$6.0 million, and total operating expenses fell 16.6% on an annual basis to S$4.8 million from S$5.8 million.

Reported net income came to a loss of S$3.4 million, or a loss of 0 cents per share, compared to a loss of S$610,000, or a loss of 0 cents per share, in the prior-year period.

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