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SMIS Corp. Q2 profit climbs 44.3% YOY

SMIS Corp. Bhd. said its normalized net income for the second quarter came to 292,000 ringgits, a rise of 44.3% from 202,380 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 0.8% from 0.6% in the year-earlier period.

Total revenue climbed year over year to 36.3 million ringgits from 35.4 million ringgits, and total operating expenses grew on an annual basis to 35.5 million ringgits from 34.7 million ringgits.

Reported net income came to 188,000 ringgits, or 0 sen per share, compared to a loss of 81,000 ringgits, or a loss of 0 sen per share, in the year-earlier period.

As of Aug. 24, US$1 was equivalent to 4.04 ringgits.