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Sanbumi Holdings fiscal Q3 loss narrows YOY

Sanbumi Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 1.7 million ringgits, compared with a loss of 2.2 million 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 17.4% from negative 37.5% in the year-earlier period.

Total revenue rose 62.4% year over year to 9.6 million ringgits from 5.9 million ringgits, and total operating expenses climbed 20.3% on an annual basis to 12.5 million ringgits from 10.4 million ringgits.

Reported net income came to a loss of 2.7 million ringgits, or a loss of 2 sen per share, compared to a loss of 3.3 million ringgits, or a loss of 2 sen per share, in the year-earlier period.

As of Feb. 25, US$1 was equivalent to 3.60 ringgits.