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Balincan International Q3 loss narrows YOY

Balincan International Inc. said its normalized net income for the third quarter came to a loss of $3,910, compared with a loss of $7,720 in the prior-year period.

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

Total revenue declined 64.4% on an annual basis to $35,450 from $99,700, and total operating expenses declined 62.8% from the prior-year period to $41,700 from $112,060.

Reported net income came to a loss of $6,250, or a loss of 0 cents per share, compared to a loss of $12,350, or a loss of 0 cents per share, in the year-earlier period.