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Ellipsiz fiscal Q2 profit falls YOY

Ellipsiz Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to S$1.2 million, a fall of 14.4% from S$1.4 million 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 3.6% from 4.7% in the year-earlier period.

Total revenue rose 13.3% on an annual basis to S$32.4 million from S$28.5 million, and total operating expenses increased 14.9% from the prior-year period to S$30.6 million from S$26.6 million.

Reported net income declined 25.1% year over year to S$1.3 million, or 1 cents per share, from S$1.7 million, or 1 cents per share.

As of Feb. 4, US$1 was equivalent to S$1.40.