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LJ Williams fiscal H1 loss narrows YOY

L.J. Williams Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of 2 Trinidad and Tobago cents per share, compared with a loss of 3 cents 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 TT$405,630, compared with a loss of TT$731,250 in the prior-year period.

Total revenue climbed on an annual basis to TT$48.6 million from TT$46.8 million, and total operating expenses increased from the prior-year period to TT$47.4 million from TT$46.2 million.

Reported net income came to a loss of TT$795,000, or a loss of 3 cents per share, compared to a loss of TT$1.3 million, or a loss of 5 cents per share, in the year-earlier period.

As of Nov. 25, US$1 was equivalent to TT$6.41.