NGSC Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of S$553,130, compared with a loss of S$6,250 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue fell 93.2% year over year to S$29,000 from S$426,000, and total operating expenses climbed on an annual basis to S$870,000 from S$836,000.
Reported net income totaled a loss of S$890,000, or a loss of 0 cents per share, compared to a loss of S$67,000, or a loss of 0 cents per share, in the year-earlier period.
As of Feb. 5, US$1 was equivalent to S$1.41.
