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Classified Group swings to loss in Q3

4910157 said its third-quarter normalized net income amounted to a loss of HK$1.2 million, compared with income of HK$1.7 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 fell to negative 2.9% from 4.2% in the year-earlier period.

otal revenue fell 7.9% year over year to HK$38.1 million from HK$41.4 million, and total operating expenses climbed year over year to HK$40.1 million from HK$38.6 milli Classified Group (Holdings) Ltd.