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Goodway Integrated Industries swings to loss in Q1

4910832 said its normalized net income for the first quarter amounted to a loss of 693,880 ringgits, compared with income of 156,630 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 declined to negative 1.5% from 0.4% in the year-earlier period.

Total revenue grew 9.0% on an annual basis to 47.4 million ringgits from 43.5 million ringgits, and total operating expenses increased 12.5% from the prior-year period to 47.1 million ringgits from 41.9 million ringgits.

Reported net income totaled a loss of 1.3 million ringgits, or a loss of 1 sen per share, compared to a loss of 685,000 ringgits, or a loss of 1 sen per share, in the year-earlier period.

s of May 30, US$1 was equivalent to 4.11 ringgits.Goodway Integrated Industries Bhd.

4910832 said its normalized net income for the first quarter amounted to a loss of 693,880 ringgits, compared with income of 156,630 ringgits in the prior-year period.