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Global Yellow Pages fiscal Q2 profit falls YOY

Global Yellow Pages Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 2 Singapore cents per share, a decrease of 32.7% from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was S$3.1 million, a decrease of 32.7% from S$4.7 million in the year-earlier period.

The normalized profit margin declined to 22.8% from 35.9% in the year-earlier period.

Total revenue climbed 6.0% on an annual basis to S$13.8 million from S$13.0 million, and total operating expenses came to S$7.9 million, compared with S$7.9 million in the year-earlier period.

Reported net income declined 28.1% year over year to S$4.4 million, or 3 cents per share, from S$6.1 million, or 3 cents per share.

As of Feb. 12, US$1 was equivalent to S$1.40.