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Informatics Education fiscal Q3 loss narrows YOY

Informatics Education Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of 1 Singapore cents per share, compared with a loss of 2 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$882,500, compared with a loss of S$1.1 million in the year-earlier period.

The normalized profit margin declined to negative 35.2% from negative 34.1% in the year-earlier period.

Total revenue decreased 25.3% year over year to S$2.5 million from S$3.4 million, and total operating expenses decreased 28.4% from the prior-year period to S$3.9 million from S$5.4 million.

Reported net income came to a loss of S$1.4 million, or a loss of 2 cents per share, compared to a loss of S$1.9 million, or a loss of 3 cents per share, in the prior-year period.

As of Feb. 5, US$1 was equivalent to S$1.41.