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My E.G. Services fiscal Q2 profit climbs YOY

My E.G. Services Berhad said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 19.2 million ringgits, an increase from 8.9 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 increased to 30.3% from 29.9% in the year-earlier period.

Total revenue rose on an annual basis to 63.5 million ringgits from 29.8 million ringgits, and total operating expenses grew from the prior-year period to 32.4 million ringgits from 15.3 million ringgits.

Reported net income grew year over year to 30.3 million ringgits, or 1 sen per share, from 14.1 million ringgits, or 0 sen per share.

As of Feb. 29, US$1 was equivalent to 4.21 ringgits.