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LJ Williams swings to loss in fiscal Q2

4912194 said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 2 Trinidad and Tobago cents per share, compared with 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of TT$463,750, compared with income of TT$790,000 in the prior-year period.

The normalized profit margin dropped to negative 1.9% from 3.2% in the year-earlier period.

Total revenue decreased on an annual basis to TT$23.9 million from TT$24.5 million, and total operating expenses grew 6.5% year over year to TT$23.8 million from TT$22.3 million.

eported net income totaled a loss of TT$813,0 L.J. Williams Ltd.