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Ever Shine Tex Q3 loss narrows YOY

PT Ever Shine Tex Tbk said its third-quarter normalized net income amounted to a loss of $539,180, compared with a loss of $637,520 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 negative 6.1% from negative 8.3% in the year-earlier period.

Total revenue climbed 15.3% year over year to $8.8 million from $7.7 million, and total operating expenses rose 16.5% from the prior-year period to $9.6 million from $8.3 million.

Reported net income came to a loss of $622,220, or a loss of 0 cents per share, compared to a loss of $918,570, or a loss of 0 cents per share, in the prior-year period.