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ABR Holdings Q3 profit climbs 13.3% YOY

ABR Holdings Ltd. said its third-quarter normalized net income amounted to S$1.8 million, an increase of 13.3% from S$1.6 million in the prior-year period.

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

The normalized profit margin climbed to 6.7% from 6.3% in the year-earlier period.

Total revenue climbed 5.6% on an annual basis to S$26.3 million from S$24.9 million, and total operating expenses rose year over year to S$23.5 million from S$22.9 million.

Reported net income increased 22.6% from the prior-year period to S$2.4 million, or 1 cents per share, from S$2.0 million, or 1 cents per share.

As of Nov. 13, US$1 was equivalent to S$1.42.