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Spritzer Bhd. fiscal Q2 profit falls YOY

Spritzer Bhd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was 2 Malaysian sen per share, a decline of 4.9% from 2 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.8 million ringgits, compared with 2.9 million ringgits in the prior-year period.

The normalized profit margin declined to 4.9% from 5.2% in the year-earlier period.

Total revenue increased on an annual basis to 57.6 million ringgits from 55.2 million ringgits, and total operating expenses climbed 5.1% year over year to 52.3 million ringgits from 49.8 million ringgits.

Reported net income rose on an annual basis to 3.5 million ringgits, or 2 sen per share, from 3.4 million ringgits, or 2 sen per share.

As of Jan. 29, US$1 was equivalent to 3.63 ringgits.