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Sin Heng Chan (Malaya) Q3 loss narrows YOY

Sin Heng Chan (Malaya) Berhad said its third-quarter normalized net income was a loss of 660,000 ringgits, compared with a loss of 838,130 ringgits in the prior-year period.

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

The normalized profit margin rose to negative 18.1% from negative 23.4% in the year-earlier period.

Total revenue climbed year over year to 3.6 million ringgits from 3.6 million ringgits, and total operating expenses decreased from the prior-year period to 4.0 million ringgits from 4.2 million ringgits.

Reported net income totaled a loss of 1.0 million ringgits, or a loss of 1 sen per share, compared to a loss of 1.7 million ringgits, or a loss of 2 sen per share, in the year-earlier period.

As of Nov. 18, US$1 was equivalent to 4.41 ringgits.