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Niche Capital Emas fiscal Q3 loss narrows YOY

Niche Capital Emas Holdings Bhd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 346,000 ringgits, compared with a loss of 383,000 ringgits in the third quarter ended Sept. 30, 2014.

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

The normalized profit margin climbed to negative 4.8% from negative 11.0% in the year-earlier period.

Total revenue grew year over year to 7.2 million ringgits from 3.5 million ringgits, and total operating expenses climbed 69.5% on an annual basis to 8.7 million ringgits from 5.1 million ringgits.

Reported net income totaled a loss of 909,180 ringgits, or a loss of 0 sen per share, compared to a loss of 1.0 million ringgits, or a loss of 1 sen per share, in the third quarter ended Sept. 30, 2014.

As of May 28, US$1 was equivalent to 3.65 ringgits.