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Jaycorp fiscal Q1 profit climbs YOY

Jaycorp Bhd. said its normalized net income for the fiscal first quarter ended Oct. 31 was 4.0 million ringgits, a rise from 1.2 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 rose to 5.2% from 1.9% in the year-earlier period.

Total revenue rose 19.3% on an annual basis to 76.7 million ringgits from 64.3 million ringgits, and total operating expenses grew 13.3% on an annual basis to 68.6 million ringgits from 60.5 million ringgits.

Reported net income increased year over year to 5.5 million ringgits, or 4 sen per share, from 1.2 million ringgits, or 1 sen per share.

As of Dec. 14, US$1 was equivalent to 4.36 ringgits.