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LifeBrandz fiscal Q3 loss widens 84.0% YOY

LifeBrandz Ltd. said its normalized net income for the fiscal third quarter ended April 30 was a loss of S$168,380, compared with a loss of S$91,500 in the year-earlier period.

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

The normalized profit margin declined to negative 44.3% from negative 29.3% in the year-earlier period.

Total revenue climbed 21.8% on an annual basis to S$380,000 from S$312,000, and total operating expenses rose 40.8% from the prior-year period to S$652,000 from S$463,000.

Reported net income totaled a loss of S$2.3 million, or a loss of 3 cents per share, compared to a loss of S$147,000, or a loss of 0 cents per share, in the prior-year period.

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