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Brahim's Holdings Q3 loss narrows YOY

Brahim's Holdings Bhd. said its third-quarter normalized net income was a loss of 1.1 million ringgits, compared with a loss of 4.3 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 climbed to negative 1.5% from negative 6.6% in the year-earlier period.

Total revenue grew 10.9% on an annual basis to 71.9 million ringgits from 64.9 million ringgits, and total operating expenses decreased from the prior-year period to 70.8 million ringgits from 72.5 million ringgits.

Reported net income came to a loss of 1.3 million ringgits, or a loss of 1 sen per share, compared to a loss of 8.6 million ringgits, or a loss of 4 sen per share, in the prior-year period.

As of Nov. 22, US$1 was equivalent to 4.42 ringgits.