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TechnoDex fiscal Q3 loss widens YOY

TechnoDex Bhd. said its normalized net income for the fiscal third quarter ended Jan. 31 was a loss of 301,750 ringgits, compared with a loss of 108,630 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 declined to negative 4.8% from negative 2.6% in the year-earlier period.

Total revenue grew 53.9% year over year to 6.3 million ringgits from 4.1 million ringgits, and total operating expenses increased 35.1% year over year to 5.5 million ringgits from 4.1 million ringgits.

Reported net income came to 5,000 ringgits, or 0 sen per share, compared to a loss of 167,000 ringgits, or a loss of 0 sen per share, in the prior-year period.

As of March 28, US$1 was equivalent to 4.01 ringgits.