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Soo Kee Group Q3 profit falls YOY

4232379 said its normalized net income for the third quarter amounted to S$848,130, a decline of 50.4% from S$1.7 million 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 2.3% from 5.6% in the year-earlier period.

Total revenue climbed 23.3% year over year to S$37.5 million from S$30.4 million, and total operating expenses grew 24.3% on an annual basis to S$34.5 million from S$27.8 million.

Reported net income fell 63.7% year over year to S$752,040, or 0 cents per share, from S$2.1 million, or 0 cents per share.

s of Nov. 11, US$1 was equivalent to S$1.42.SK Jewellery Group Ltd

4232379 said its normalized net income for the third quarter amounted to S$848,130, a decline of 50.4% from S$1.7 million in the year-earlier period.