trending Market Intelligence /marketintelligence/en/news-insights/trending/JtQpUFWzLJtx6vfHalPy_A2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Ossia International fiscal Q1 loss narrows YOY

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Ossia International fiscal Q1 loss narrows YOY

Ossia International Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of S$581,750, compared with a loss 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.

The normalized profit margin rose to negative 5.0% from negative 9.2% in the year-earlier period.

Total revenue declined 16.6% on an annual basis to S$11.6 million from S$13.9 million, and total operating expenses declined 22.8% on an annual basis to S$12.3 million from S$15.9 million.

Reported net income came to a loss of S$957,000, or a loss of 0 cents per share, compared to a loss of S$2.2 million, or a loss of 1 cents per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to S$1.25.