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Cheetah Holdings fiscal Q3 loss widens YOY

Cheetah Holdings Bhd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 876,880 ringgits, compared with a loss of 842,500 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 dropped to negative 2.9% from negative 2.6% in the year-earlier period.

Total revenue fell 9.3% on an annual basis to 29.9 million ringgits from 33.0 million ringgits, and total operating expenses fell 8.7% from the prior-year period to 31.4 million ringgits from 34.4 million ringgits.

Reported net income totaled a loss of 1.1 million ringgits, or a loss of 1 sen per share, compared to a loss of 1.0 million ringgits, or a loss of 1 sen per share, in the year-earlier period.

As of May 19, US$1 was equivalent to 4.09 ringgits.