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Greenyield fiscal Q4 profit climbs 91.2% YOY

Greenyield Bhd. said its normalized net income for the fiscal fourth quarter ended July 31 was 1.7 million ringgits, a gain of 91.2% from 897,800 ringgits in the year-earlier period.

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

The normalized profit margin climbed to 11.1% from 7.0% in the year-earlier period.

Total revenue grew 21.3% on an annual basis to 15.5 million ringgits from 12.7 million ringgits, and total operating expenses grew 11.5% on an annual basis to 12.6 million ringgits from 11.3 million ringgits.

Reported net income rose 67.7% year over year to 1.7 million ringgits, or 1 sen per share, from 1.0 million ringgits, or 0 sen per share.

For the year, the company's normalized net income totaled 1 sen per share, a fall of 27.3% from 2 sen per share in the prior year.

Normalized net income was 4.0 million ringgits, a decline of 27.3% from 5.5 million ringgits in the prior year.

Full-year total revenue fell 13.8% from the prior-year period to 44.6 million ringgits from 51.7 million ringgits, and total operating expenses fell 11.8% year over year to 37.9 million ringgits from 42.9 million ringgits.

The company said reported net income declined 32.0% year over year to 4.4 million ringgits, or 1 sen per share, in the full year, from 6.5 million ringgits, or 2 sen per share.

As of Nov. 26, US$1 was equivalent to 4.23 ringgits.