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Signature International fiscal Q1 profit climbs YOY

Signature International Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 5.5 million ringgits, a gain from 1.7 million ringgits 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 9.3% from 6.2% in the year-earlier period.

Total revenue increased on an annual basis to 59.3 million ringgits from 27.0 million ringgits, and total operating expenses rose from the prior-year period to 49.5 million ringgits from 23.7 million ringgits.

Reported net income grew on an annual basis to 6.7 million ringgits, or 3 sen per share, from 2.0 million ringgits, or 1 sen per share.

As of Nov. 24, US$1 was equivalent to 3.35 ringgits.