Emico Holdings Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 503,380 ringgits, compared with income of 1.2 million 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 fell to negative 3.4% from 5.1% in the year-earlier period.
Total revenue declined 35.3% year over year to 15.0 million ringgits from 23.2 million ringgits, and total operating expenses decreased 26.8% year over year to 15.6 million ringgits from 21.3 million ringgits.
Reported net income totaled a loss of 761,000 ringgits, or a loss of 1 sen per share, compared to income of 1.9 million ringgits, or 2 sen per share, in the year-earlier period.
As of Nov. 26, US$1 was equivalent to 3.35 ringgits.
