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Caring Pharmacy fiscal Q3 profit climbs 19.8% YOY

Caring Pharmacy Group Bhd. said its normalized net income for the fiscal third quarter ended Feb. 28 amounted to 3 Malaysian sen per share, an increase of 19.8% from 3 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.6 million ringgits, an increase of 19.8% from 5.5 million ringgits in the prior-year period.

The normalized profit margin rose to 7.0% from 6.7% in the year-earlier period.

Total revenue rose 14.5% on an annual basis to 93.9 million ringgits from 82.0 million ringgits, and total operating expenses grew 14.1% year over year to 83.0 million ringgits from 72.7 million ringgits.

Reported net income increased 14.8% on an annual basis to 7.6 million ringgits, or 3 sen per share, from 6.6 million ringgits, or 3 sen per share.

As of April 28, US$1 was equivalent to 3.54 ringgits.