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Gopeng Q1 profit climbs YOY

Gopeng Bhd. said its normalized net income for the first quarter came to 4.9 million ringgits, an increase from 63,420 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 rose to 207.8% from 2.6% in the year-earlier period.

Total revenue came to 2.4 million ringgits.

Reported net income increased year over year to 7.5 million ringgits, or 4 sen per share, from 71,480 ringgits, or 0 sen per share.

As of May 27, US$1 was equivalent to 3.65 ringgits.