F J Benjamin Holdings Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was a loss of S$3.0 million, compared with income of S$643,750 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 3.5% from 0.6% in the year-earlier period.
Total revenue fell 16.7% year over year to S$87.1 million from S$104.6 million, and total operating expenses fell 9.5% year over year to S$92.4 million from S$102.1 million.
Reported net income grew from the prior-year period to S$1.3 million, or 0 cents per share, from S$568,710, or 0 cents per share.
As of Feb. 5, US$1 was equivalent to S$1.35.
