PCCS Group Bhd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 9 Malaysian sen per share, compared with 1 sen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 5.4 million ringgits, compared with income of 627,750 ringgits in the year-earlier period.
The normalized profit margin declined to negative 6.4% from 0.6% in the year-earlier period.
Total revenue declined 16.0% on an annual basis to 83.6 million ringgits from 99.6 million ringgits, and total operating expenses fell 6.0% from the prior-year period to 92.3 million ringgits from 98.2 million ringgits.
Reported net income came to a loss of 8.8 million ringgits, or a loss of 15 sen per share, compared to income of 494,000 ringgits, or 1 sen per share, in the year-earlier period.
As of Aug. 28, US$1 was equivalent to 3.15 ringgits.
