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Jackspeed fiscal H1 profit climbs YOY

Jackspeed Corp. Ltd. said its normalized net income for the fiscal first half ended Aug. 31 amounted to S$799,880, a rise from S$81,500 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue grew on an annual basis to S$18.6 million from S$18.0 million, and total operating expenses fell year over year to S$17.1 million from S$17.5 million.

Reported net income grew year over year to S$1.4 million, or 1 cents per share, from S$145,000, or 0 cents per share.

As of Oct. 10, US$1 was equivalent to S$1.27.