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Dataprep fiscal Q3 loss widens YOY

Dataprep Holdings Bhd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of 963,000 ringgits, compared with a loss of 380,500 ringgits in the year-earlier period.

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

The normalized profit margin dropped to negative 8.1% from negative 1.5% in the year-earlier period.

Total revenue fell 53.3% year over year to 12.0 million ringgits from 25.6 million ringgits, and total operating expenses fell 46.2% year over year to 13.7 million ringgits from 25.4 million ringgits.

Reported net income totaled a loss of 1.7 million ringgits, or a loss of 0 sen per share, compared to a loss of 373,000 ringgits, or a loss of 0 sen per share, in the prior-year period.

As of Feb. 29, US$1 was equivalent to 4.21 ringgits.