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Esthetics International fiscal Q1 profit falls YOY

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Esthetics International fiscal Q1 profit falls YOY

Esthetics International Group Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 1 Malaysian sen per share, a decrease of 13.2% from 1 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.6 million ringgits, a decrease of 15.5% from 3.1 million ringgits in the year-earlier period.

The normalized profit margin declined to 7.4% from 8.7% in the year-earlier period.

Total revenue came to 35.1 million ringgits, compared with 35.1 million ringgits in the prior-year period, and total operating expenses climbed year over year to 31.9 million ringgits from 30.4 million ringgits.

Reported net income decreased 12.0% year over year to 3.3 million ringgits, or 2 sen per share, from 3.8 million ringgits, or 2 sen per share.

As of Aug. 24, US$1 was equivalent to 4.24 ringgits.