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F J Benjamin Holdings fiscal Q3 loss widens 36.9% YOY

F J Benjamin Holdings Ltd. said its normalized net income for the fiscal third quarter ended March 31 was a loss of S$4.1 million, compared with a loss of S$3.0 million 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 5.9% from negative 3.3% in the year-earlier period.

Total revenue decreased 22.8% year over year to S$69.7 million from S$90.3 million, and total operating expenses declined 22.8% on an annual basis to S$73.4 million from S$95.0 million.

Reported net income totaled a loss of S$7.0 million, or a loss of 1 cents per share, compared to a loss of S$4.9 million, or a loss of 1 cents per share, in the year-earlier period.

As of May 7, US$1 was equivalent to S$1.33.