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Caely Holdings swings to profit in fiscal Q4

Caely Holdings Bhd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 1 Malaysian sen per share, compared with a loss of 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 943,300 ringgits, compared with a loss of 1.0 million ringgits in the year-earlier period.

The normalized profit margin climbed to 3.5% from negative 5.0% in the year-earlier period.

Total revenue rose 35.6% on an annual basis to 27.1 million ringgits from 20.0 million ringgits, and total operating expenses climbed 19.8% on an annual basis to 27.1 million ringgits from 22.6 million ringgits.

Reported net income grew 34.5% on an annual basis to 1.3 million ringgits, or 2 sen per share, from 986,430 ringgits, or 1 sen per share.

For the year, the company's normalized net income totaled 4 sen per share, a decline from 4 sen per share in the prior year.

Normalized net income was 3.0 million ringgits, a decrease from 3.1 million ringgits in the prior year.

Full-year total revenue amounted to 94.5 million ringgits, compared with 94.5 million ringgits in the prior year, and total operating expenses came to 90.4 million ringgits, compared with 89.8 million ringgits in the prior-year period.

The company said reported net income declined 46.7% year over year to 3.8 million ringgits, or 5 sen per share, in the full year, from 7.1 million ringgits, or 9 sen per share.

As of July 30, US$1 was equivalent to 3.82 ringgits.