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RGB International Q1 profit climbs YOY

RGB International Bhd. said its first-quarter normalized net income amounted to 3.3 million ringgits, a rise from 1.2 million ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 8.5% from 3.3% in the year-earlier period.

Total revenue grew 6.6% year over year to 38.7 million ringgits from 36.3 million ringgits, and total operating expenses declined on an annual basis to 32.0 million ringgits from 32.7 million ringgits.

Reported net income increased on an annual basis to 4.3 million ringgits, or 0 sen per share, from 1.8 million ringgits, or 0 sen per share.

As of May 29, US$1 was equivalent to 3.66 ringgits.