SEG International Bhd. said its first-quarter normalized net income was 8.0 million ringgits, a gain of 44.4% from 5.5 million 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 climbed to 11.8% from 9.0% in the year-earlier period.
Total revenue climbed 9.5% on an annual basis to 67.4 million ringgits from 61.5 million ringgits, and total operating expenses climbed on an annual basis to 57.6 million ringgits from 55.9 million ringgits.
Reported net income grew 45.8% from the prior-year period to 11.5 million ringgits, or 1 sen per share, from 7.9 million ringgits, or 1 sen per share.
As of May 13, US$1 was equivalent to 3.58 ringgits.
