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E Lighting Group swings to loss in fiscal Q3

E Lighting Group Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of HK$2.1 million, compared with income of HK$1.9 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 fell to negative 10.3% from 8.7% in the year-earlier period.

Total revenue decreased year over year to HK$20.6 million from HK$21.6 million, and total operating expenses rose 29.0% year over year to HK$24.0 million from HK$18.6 million.

Reported net income totaled a loss of HK$2.8 million, or a loss of 1 cents per share, compared to income of HK$2.4 million, or 1 cents per share, in the prior-year period.