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Maxwell International swings to loss in Q2

Maxwell International Holdings Bhd. said its second-quarter normalized net income came to a loss of 19.8 million ringgits, compared with income of 3.7 million ringgits in the prior-year period.

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

Reported net income came to a loss of 31.7 million ringgits, or a loss of 8 sen per share, compared to income of 3.4 million ringgits, or 1 sen per share, in the prior-year period.

As of Aug. 30, US$1 was equivalent to 4.07 ringgits.