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LTKM Bhd. fiscal Q3 profit falls YOY

4916192 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 3 Malaysian sen per share, a decrease of 50.7% from 6 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 3.6 million ringgits, a decrease of 50.7% from 7.3 million ringgits in the prior-year period.

The normalized profit margin fell to 8.0% from 14.7% in the year-earlier period.

Total revenue fell 8.8% year over year to 44.9 million ringgits from 49.3 million ringgits, and total operating expenses increased 6.5% on an annual basis to 39.9 million ringgits from 37.5 million ringgits.

Reported net income decreased 45.1% on an annual basis to 4.3 million ringgits, or 3 sen per share, from 7.9 million ringgits, or 6 sen per share.

s of Feb. 24, US$1 was equivalent to 4.24 ringgits.LTKM Bhd.

4916192 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 3 Malaysian sen per share, a decrease of 50.7% from 6 sen per share in the year-earlier period.