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F J Benjamin Holdings fiscal Q2 loss narrows YOY

F J Benjamin Holdings Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to a loss of S$2.3 million, compared with a loss of S$3.0 million 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 3.2% from negative 3.5% in the year-earlier period.

Total revenue fell 18.6% year over year to S$70.9 million from S$87.1 million, and total operating expenses fell 19.5% on an annual basis to S$74.0 million from S$91.9 million.

Reported net income totaled a loss of S$3.7 million, or a loss of 1 cents per share, compared to income of S$1.3 million, or 0 cents per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to S$1.40.