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Pinehill Pacific fiscal Q1 loss narrows YOY

4910680 said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 1 Malaysian sen per share, compared with a loss of 5 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.8 million ringgits, compared with a loss of 6.9 million ringgits in the prior-year period.

The normalized profit margin increased to negative 20.6% from negative 83.4% in the year-earlier period.

Total revenue rose year over year to 8.6 million ringgits from 8.3 million ringgits, and total operating expenses decreased 56.1% from the prior-year period to 10.9 million ringgits from 24.7 million ringgits.

Reported net income totaled a loss of 3.2 million ringgits, or a loss of 2 sen per share, compared to a loss of 14.0 million ringgits, or a loss of 9 sen per share, in the prior-year period.

s of Nov. 26, US$1 was equivalent to 3.35 ringgits.Pinehill Pacific Bhd.

4910680 said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to a loss of 1 Malaysian sen per share, compared with a loss of 5 sen per share in the prior-year period.