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KOP Ltd. swings to profit in fiscal Q1

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KOP Ltd. swings to profit in fiscal Q1

4995821 said its normalized net income for the fiscal first quarter ended June 30 amounted to S$1.5 million, compared with a loss of S$1.6 million in the prior-year period.

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

The normalized profit margin climbed to 27.2% from negative 25.7% in the year-earlier period.

Total revenue decreased 6.3% year over year to S$5.7 million from S$6.1 million, and total operating expenses fell 10.9% year over year to S$7.2 million from S$8.0 million.

eported net income came to S$1.8 million, o KOP Ltd..