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TPC Plus Q3 profit climbs 23.6% YOY

TPC Plus Berhad said its third-quarter normalized net income came to 1.1 million ringgits, an increase of 23.6% from 896,250 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 5.2% from 4.1% in the year-earlier period.

Total revenue declined year over year to 21.3 million ringgits from 21.8 million ringgits, and total operating expenses declined from the prior-year period to 18.9 million ringgits from 19.5 million ringgits.

Reported net income decreased 17.6% from the prior-year period to 1.2 million ringgits, or 1 sen per share, from 1.4 million ringgits, or 2 sen per share.

As of Nov. 22, US$1 was equivalent to 4.42 ringgits.