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SWS Capital fiscal Q1 profit climbs 55.6% YOY

SWS Capital Bhd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to 929,620 ringgits, a rise of 55.6% from 597,460 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 2.3% from 1.8% in the year-earlier period.

Total revenue rose 23.0% year over year to 40.2 million ringgits from 32.7 million ringgits, and total operating expenses climbed 21.6% year over year to 38.3 million ringgits from 31.5 million ringgits.

Reported net income rose 55.4% from the prior-year period to 1.4 million ringgits, or 1 sen per share, from 878,770 ringgits, or 1 sen per share.

As of Jan. 29, US$1 was equivalent to 4.14 ringgits.