Jerasia Capital Bhd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 3.3 million ringgits, a gain from 715,020 ringgits in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 3.6% from 0.9% in the year-earlier period.
Total revenue grew 9.6% on an annual basis to 91.1 million ringgits from 83.1 million ringgits, and total operating expenses increased from the prior-year period to 85.5 million ringgits from 81.9 million ringgits.
Reported net income grew on an annual basis to 6.4 million ringgits, or 8 sen per share, from 831,980 ringgits, or 1 sen per share.
For the year, the company's normalized net income totaled 8 sen per share, an increase from 4 sen per share in the prior year.
Normalized net income was 6.8 million ringgits, an increase from 3.1 million ringgits in the prior year.
Full-year total revenue rose 5.1% on an annual basis to 337.2 million ringgits from 320.9 million ringgits, and total operating expenses grew on an annual basis to 323.7 million ringgits from 313.9 million ringgits.
The company said reported net income rose year over year to 10.0 million ringgits, or 12 sen per share, in the full year, from 3.3 million ringgits, or 4 sen per share.
As of July 29, US$1 was equivalent to 3.81 ringgits.