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Kluang Rubber swings to loss in fiscal Q1

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Kluang Rubber swings to loss in fiscal Q1

4910741 said its normalized net income for the fiscal first quarter ended Sept. 30 came to a loss of 1.1 million ringgits, compared with income of 430,380 ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 21.8% from 8.2% in the year-earlier period.

Total revenue decreased 5.7% year over year to 4.9 million ringgits from 5.2 million ringgits, and total operating expenses fell from the prior-year period to 3.4 million ringgits from 3.5 million ringgits.

eported net income totaled a loss of 3.9 million rin Kluang Rubber Co. (Malaya) Bhd.