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Signature International fiscal Q2 profit climbs YOY

Signature International Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 10.1 million ringgits, a gain from 2.4 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 climbed to 14.2% from 5.5% in the year-earlier period.

Total revenue increased 65.7% year over year to 71.1 million ringgits from 42.9 million ringgits, and total operating expenses grew 41.8% year over year to 53.5 million ringgits from 37.7 million ringgits.

Reported net income rose year over year to 12.2 million ringgits, or 5 sen per share, from 2.9 million ringgits, or 1 sen per share.

As of Feb. 13, US$1 was equivalent to 3.56 ringgits.