trending Market Intelligence /marketintelligence/en/news-insights/trending/MA_E-I5rn9HJ8XAC4AOSRw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Travelite Holdings swings to loss in fiscal H2

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Travelite Holdings swings to loss in fiscal H2

Travelite Holdings Ltd. said its normalized net income for the fiscal second half ended March 31 came to a loss of 1 Singapore cents per share, compared with 3 cents 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 S$803,750, compared with income of S$2.1 million in the prior-year period.

Total revenue decreased 30.5% year over year to S$25.1 million from S$36.1 million, and total operating expenses declined 20.1% on an annual basis to S$25.9 million from S$32.5 million.

Reported net income totaled a loss of S$2.7 million, or a loss of 4 cents per share, compared to income of S$911,000, or 1 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 3 cents per share, compared with 2 cents per share in the prior year.

Normalized net income was a loss of S$1.8 million, compared with income of S$1.5 million in the prior year.

Full-year total revenue decreased 31.5% year over year to S$46.1 million from S$67.3 million, and total operating expenses decreased 24.0% on an annual basis to S$48.5 million from S$63.8 million.

The company said reported net income came to a loss of S$4.5 million, or a loss of 7 cents per share, in the full year, compared with a loss of S$197,000, or a loss of 0 cents per share, the prior year.

As of July 8, US$1 was equivalent to S$1.35.