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DISA Ltd. fiscal Q2 loss narrows YOY

DISA Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to a loss of S$844,750, compared with a loss of S$961,810 in the prior-year period.

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

Total revenue declined 28.0% on an annual basis to S$198,000 from S$275,000, and total operating expenses fell 12.6% year over year to S$1.3 million from S$1.5 million.

Reported net income came to a loss of S$1.3 million, or a loss of 0 cents per share, compared to a loss of S$1.4 million, or a loss of 0 cents per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to S$1.40.