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GPA Holdings fiscal Q3 loss narrows YOY

GPA Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 947,880 ringgits, compared with a loss of 2.0 million 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 climbed to negative 2.8% from negative 5.7% in the year-earlier period.

Total revenue decreased year over year to 33.6 million ringgits from 35.2 million ringgits, and total operating expenses fell 7.1% from the prior-year period to 36.5 million ringgits from 39.3 million ringgits.

Reported net income came to a loss of 1.2 million ringgits, or a loss of 0 sen per share, compared to a loss of 2.8 million ringgits, or a loss of 0 sen per share, in the prior-year period.

As of Feb. 11, US$1 was equivalent to 3.63 ringgits.