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EA Holdings fiscal Q3 loss narrows YOY

EA Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 777,630 ringgits, compared with a loss of 792,000 ringgits in the third quarter ended Sept. 30, 2015.

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

The normalized profit margin increased to negative 11.0% from negative 13.0% in the year-earlier period.

Total revenue increased 16.1% year over year to 7.1 million ringgits from 6.1 million ringgits, and total operating expenses grew 5.2% year over year to 9.0 million ringgits from 8.5 million ringgits.

Reported net income came to a loss of 1.2 million ringgits, or a loss of 0 sen per share, compared to a loss of 1.3 million ringgits, or a loss of 0 sen per share, in the third quarter ended Sept. 30, 2015.

As of Feb. 26, US$1 was equivalent to 4.20 ringgits.