Mercurius Capital Investment Ltd said its third-quarter normalized net income amounted to S$1.3 million, an increase of 11.1% from S$1.2 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 13.6% from 11.4% in the year-earlier period.
Total revenue declined 7.5% on an annual basis to S$9.4 million from S$10.2 million, and total operating expenses decreased 16.2% on an annual basis to S$7.0 million from S$8.3 million.
Reported net income rose 62.1% on an annual basis to S$2.0 million, or 0 cents per share, from S$1.3 million, or 0 cents per share.
As of Nov. 9, US$1 was equivalent to S$1.42.