Pensonic Holdings Bhd. said its normalized net income for the fiscal first quarter ended Aug. 31 came to 1 Malaysian sen per share, a decrease of 37.9% from 2 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.5 million ringgits, a decrease of 37.9% from 2.4 million ringgits in the year-earlier period.
The normalized profit margin dropped to 1.4% from 2.3% in the year-earlier period.
Total revenue climbed year over year to 106.0 million ringgits from 102.9 million ringgits, and total operating expenses increased 5.1% on an annual basis to 102.9 million ringgits from 97.9 million ringgits.
Reported net income declined 43.4% year over year to 2.2 million ringgits, or 2 sen per share, from 3.9 million ringgits, or 3 sen per share.
As of Oct. 28, US$1 was equivalent to 3.27 ringgits.
