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Acoustech Q1 loss narrows YOY

4910987 said its first-quarter normalized net income amounted to a loss of 872,500 ringgits, compared with a loss of 1.1 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 fell to negative 5.2% from negative 4.0% in the year-earlier period.

Total revenue fell 39.3% year over year to 16.9 million ringgits from 27.8 million ringgits, and total operating expenses decreased 36.8% year over year to 18.3 million ringgits from 28.9 million ringgits.

eported net income totaled a loss of 1.2 million ri Acoustech Berhad.