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Yee Lee Corp. Q3 profit climbs 29.6% YOY

Yee Lee Corp. Bhd. said its third-quarter normalized net income amounted to 3 Malaysian sen per share, a gain of 27.3% from 3 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 6.2 million ringgits, a gain of 29.6% from 4.8 million ringgits in the prior-year period.

The normalized profit margin climbed to 3.1% from 2.7% in the year-earlier period.

Total revenue rose 14.7% on an annual basis to 202.1 million ringgits from 176.1 million ringgits, and total operating expenses grew 14.3% on an annual basis to 192.9 million ringgits from 168.8 million ringgits.

Reported net income grew 41.6% from the prior-year period to 8.5 million ringgits, or 5 sen per share, from 6.0 million ringgits, or 3 sen per share.

As of Nov. 17, US$1 was equivalent to 4.39 ringgits.