China Brilliant Global Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of HK$6.0 million, compared with a loss of HK$3.2 million 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 217.4% from negative 117.7% in the year-earlier period.
Total revenue came to HK$2.8 million, compared with HK$2.7 million in the prior-year period, and total operating expenses climbed 46.0% on an annual basis to HK$13.3 million from HK$9.1 million.
Reported net income came to a loss of HK$9.6 million, or a loss of 1 cents per share, compared to a loss of HK$5.2 million, or a loss of 1 cents per share, in the prior-year period.
