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Cheetah Holdings fiscal Q1 profit falls YOY

Cheetah Holdings Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 was 1 Malaysian sen per share, a decline of 45.5% from 2 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 1.3 million ringgits, a decrease of 45.7% from 2.5 million ringgits in the prior-year period.

The normalized profit margin fell to 3.7% from 6.9% in the year-earlier period.

Total revenue increased on an annual basis to 36.3 million ringgits from 35.7 million ringgits, and total operating expenses grew 7.4% on an annual basis to 34.2 million ringgits from 31.9 million ringgits.

Reported net income fell 46.1% on an annual basis to 1.6 million ringgits, or 1 sen per share, from 3.0 million ringgits, or 2 sen per share.

As of Nov. 19, US$1 was equivalent to 3.36 ringgits.