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Sern Kou Resources fiscal Q3 profit climbs 82.6% YOY

Sern Kou Resources Bhd. said its normalized net income for the fiscal third quarter ended March 31 came to 531,880 ringgits, a gain of 82.6% from 291,250 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 rose to 1.5% from 1.5% in the year-earlier period.

Total revenue climbed 71.4% year over year to 34.4 million ringgits from 20.1 million ringgits, and total operating expenses grew 75.8% on an annual basis to 34.0 million ringgits from 19.3 million ringgits.

Reported net income grew 85.8% on an annual basis to 838,000 ringgits, or 1 sen per share, from 451,000 ringgits, or 0 sen per share.

As of May 27, US$1 was equivalent to 3.65 ringgits.