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Hwa Tai Industries Q3 loss narrows YOY

4910153 said its normalized net income for the third quarter amounted to a loss of 3,130 ringgits, compared with a loss of 81,880 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 rose to negative 0.0% from negative 0.6% in the year-earlier period.

Total revenue decreased 7.8% year over year to 13.1 million ringgits from 14.2 million ringgits, and total operating expenses decreased 9.4% from the prior-year period to 12.8 million ringgits from 14.1 million ringgits.

Reported net income totaled 186,000 ringgits, or 0 sen per share, compared to a loss of 246,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.

s of Nov. 29, US$1 was equivalent to 4.46 ringgits.Hwa Tai Industries Bhd.

4910153 said its normalized net income for the third quarter amounted to a loss of 3,130 ringgits, compared with a loss of 81,880 ringgits in the year-earlier period.