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Landmarks Bhd. Q2 loss widens 41.1% YOY

4980981 said its second-quarter normalized net income amounted to a loss of 4.2 million ringgits, compared with a loss of 3.0 million ringgits in the year-earlier period.

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

The normalized profit margin fell to negative 27.4% from negative 25.7% in the year-earlier period.

Total revenue increased 32.5% on an annual basis to 15.4 million ringgits from 11.6 million ringgits, and total operating expenses climbed 56.6% on an annual basis to 25.1 million ringgits from 16.0 million ringgits.

Reported net income came to a loss of 7.1 million ringgits, or a loss of 1 sen per share, compared to a loss of 3.8 million ringgits, or a loss of 1 sen per share, in the prior-year period.

s of Aug. 30, US$1 was equivalent to 4.07 ringgits.Landmarks Berhad

4980981 said its second-quarter normalized net income amounted to a loss of 4.2 million ringgits, compared with a loss of 3.0 million ringgits in the year-earlier period.