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Bio Osmo Q1 loss narrows YOY

Bio Osmo Bhd. said its first-quarter normalized net income came to a loss of 633,000 ringgits, compared with a loss of 937,500 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 increased to negative 18.0% from negative 146.5% in the year-earlier period.

Total revenue rose on an annual basis to 3.5 million ringgits from 640,000 ringgits, and total operating expenses increased on an annual basis to 4.5 million ringgits from 2.2 million ringgits.

Reported net income came to a loss of 999,000 ringgits, or a loss of 0 sen per share, compared to a loss of 1.5 million ringgits, or a loss of 0 sen per share, in the prior-year period.

As of May 26, US$1 was equivalent to 3.64 ringgits.