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NTPM Holdings fiscal Q3 profit falls YOY

NTPM Holdings Bhd. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to 1 Malaysian sen per share, a decrease from 1 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 11.6 million ringgits, a decline from 11.8 million ringgits in the year-earlier period.

The normalized profit margin fell to 8.1% from 8.4% in the year-earlier period.

Total revenue increased year over year to 142.4 million ringgits from 140.0 million ringgits, and total operating expenses increased year over year to 122.2 million ringgits from 120.3 million ringgits.

Reported net income declined 6.5% on an annual basis to 13.3 million ringgits, or 1 sen per share, from 14.2 million ringgits, or 1 sen per share.

As of March 20, US$1 was equivalent to 3.72 ringgits.