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United Malacca fiscal Q1 profit falls YOY

United Malacca Berhad said its normalized net income for the fiscal first quarter ended July 31 was 5 Malaysian sen per share, a decline from 5 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.4 million ringgits, a decrease from 9.7 million ringgits in the year-earlier period.

The normalized profit margin dropped to 16.3% from 16.6% in the year-earlier period.

Total revenue came to 57.9 million ringgits, compared with 58.2 million ringgits in the prior-year period, and total operating expenses declined from the prior-year period to 44.4 million ringgits from 45.3 million ringgits.

Reported net income decreased from the prior-year period to 12.3 million ringgits, or 6 sen per share, from 12.7 million ringgits, or 6 sen per share.

As of Sept. 21, US$1 was equivalent to 4.26 ringgits.