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Mikro MSC fiscal Q2 profit climbs YOY

Mikro MSC Berhad said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 2.6 million ringgits, a rise from 1.3 million 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 19.2% from 14.0% in the year-earlier period.

Total revenue rose 48.0% on an annual basis to 13.7 million ringgits from 9.3 million ringgits, and total operating expenses rose 29.9% from the prior-year period to 9.3 million ringgits from 7.1 million ringgits.

Reported net income increased 73.5% year over year to 3.2 million ringgits, or 1 sen per share, from 1.8 million ringgits, or 0 sen per share.

As of Feb. 25, US$1 was equivalent to 4.22 ringgits.