Sime Darby said its normalized net income for the fiscal first quarter ended Sept. 30 came to 3 Malaysian sen per share, a gain from 3 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 188.0 million ringgits, a gain of 11.2% from 169.0 million ringgits in the year-earlier period.
The normalized profit margin dropped to 2.3% from 2.4% in the year-earlier period.
Total revenue climbed 17.5% year over year to 8.14 billion ringgits from 6.93 billion ringgits, and total operating expenses rose 18.7% from the prior-year period to 8.03 billion ringgits from 6.76 billion ringgits.
Reported net income decreased year over year to 197.0 million ringgits, or 3 sen per share, from 203.0 million ringgits, or 3 sen per share.
As of Nov. 16, US$1 was equivalent to 4.17 ringgits.
