APFT Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 2.1 million ringgits, compared with a loss of 4.1 million ringgits in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to negative 11.8% from negative 128.9% in the year-earlier period.
Total revenue increased year over year to 17.5 million ringgits from 3.2 million ringgits, and total operating expenses increased year over year to 20.9 million ringgits from 8.5 million ringgits.
Reported net income came to a loss of 3.8 million ringgits, or a loss of 1 sen per share, compared to a loss of 6.6 million ringgits, or a loss of 4 sen per share, in the prior-year period.
As of Feb. 16, US$1 was equivalent to 3.58 ringgits.
