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Ever Shine Tex full-year loss narrows YOY

PT Ever Shine Tex Tbk said its normalized net income for the full year amounted to a loss of $1.6 million, compared with a loss of $4.3 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 climbed to negative 4.4% from negative 11.6% in the year-earlier period.

Total revenue decreased 4.9% year over year to $35.2 million from $37.0 million, and total operating expenses decreased 11.1% on an annual basis to $37.9 million from $42.6 million.

Reported net income came to $3.1 million, or 0 cents per share, compared to a loss of $10.3 million, or a loss of 1 cents per share, in the prior-year period.