DISA Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to a loss of S$526,630, compared with a loss of S$940,750 in the year-earlier period.

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

Total revenue fell 59.8% year over year to S$139,000 from S$346,000, and total operating expenses declined 69.0% from the prior-year period to S$522,000 from S$1.7 million.

Reported net income totaled a loss of S$704,000, or a loss of 0 cents per share, compared to a loss of S$1.6 million, or a loss of 0 cents per share, in the year-earlier period.

As of May 12, US$1 was equivalent to S$1.37.