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GPA Holdings fiscal Q3 loss widens YOY

GPA Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of 12.3 million ringgits, compared with a loss of 947,880 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 40.8% from negative 2.8% in the year-earlier period.

Total revenue fell 10.4% year over year to 30.1 million ringgits from 33.6 million ringgits, and total operating expenses climbed 48.5% on an annual basis to 54.2 million ringgits from 36.5 million ringgits.

Reported net income came to a loss of 20.9 million ringgits, or a loss of 2 sen per share, compared to a loss of 1.2 million ringgits, or a loss of 0 sen per share, in the year-earlier period.

As of Feb. 25, US$1 was equivalent to 4.22 ringgits.