Pan Malaysia Holdings Bhd. said its normalized net income for the third quarter came to a loss of 44,380 ringgits, compared with a loss of 409,380 ringgits 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 2.2% from negative 22.3% in the year-earlier period.

Total revenue climbed 10.1% on an annual basis to 2.0 million ringgits from 1.8 million ringgits, and total operating expenses decreased 5.4% from the prior-year period to 2.0 million ringgits from 2.1 million ringgits.

Reported net income came to a loss of 71,000 ringgits, or a loss of 0 sen per share, compared to a loss of 655,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.

As of Nov. 19, US$1 was equivalent to 4.28 ringgits.