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RGB International Q2 profit climbs 15.9% YOY

RGB International Bhd. said its second-quarter normalized net income was 5.3 million ringgits, a rise of 15.9% from 4.6 million 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 fell to 9.1% from 9.1% in the year-earlier period.

Total revenue rose 16.3% on an annual basis to 58.0 million ringgits from 49.9 million ringgits, and total operating expenses increased 19.1% on an annual basis to 49.1 million ringgits from 41.2 million ringgits.

Reported net income totaled 6.9 million ringgits, or 1 sen per share, compared to 6.5 million ringgits, or 1 sen per share, in the prior-year period.

As of Aug. 26, US$1 was equivalent to 4.01 ringgits.