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ChasWood Resources H1 loss widens 43.0% YOY

ChasWood Resources Holdings Ltd. said its normalized net income for the first half came to a loss of 2.0 million ringgits, compared with a loss of 1.4 million ringgits in the year-earlier period.

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

Total revenue grew 5.0% on an annual basis to 83.1 million ringgits from 79.1 million ringgits, and total operating expenses grew 5.2% on an annual basis to 84.8 million ringgits from 80.6 million ringgits.

Reported net income totaled a loss of 4.1 million ringgits, or a loss of 2 sen per share, compared to a loss of 3.2 million ringgits, or a loss of 1 sen per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to 4.01 ringgits.