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Mercurius Capital swings to loss in Q3

Mercurius Capital Investment Ltd said its normalized net income for the third quarter was a loss of S$3.3 million, compared with income of S$1.3 million in the prior-year period.

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

Total revenue declined 88.4% year over year to S$1.1 million from S$9.4 million, and total operating expenses declined 79.9% year over year to S$1.4 million from S$7.0 million.

Reported net income came to a loss of S$4.8 million, or a loss of 0 cents per share, compared to income of S$2.0 million, or 0 cents per share, in the prior-year period.

As of Nov. 14, US$1 was equivalent to S$1.42.