F J Benjamin Holdings Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to a loss of S$3.0 million, compared with a loss of S$4.1 million in the year-earlier period.

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

The normalized profit margin increased to negative 4.8% from negative 5.9% in the year-earlier period.

Total revenue decreased 12.5% year over year to S$61.0 million from S$69.7 million, and total operating expenses fell 8.3% from the prior-year period to S$66.9 million from S$72.9 million.

Reported net income totaled a loss of S$5.1 million, or a loss of 1 cents per share, compared to a loss of S$7.0 million, or a loss of 1 cents per share, in the year-earlier period.

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