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G Neptune Q1 loss widens YOY

G Neptune Berhad said its first-quarter normalized net income amounted to a loss of 262,630 ringgits, compared with a loss of 86,860 ringgits in the prior-year period.

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

Reported net income totaled a loss of 420,200 ringgits, or a loss of 0 sen per share, compared to a loss of 138,970 ringgits, or a loss of 0 sen per share, in the prior-year period.

As of May 27, US$1 was equivalent to 4.08 ringgits.