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Khind Holdings Q3 profit falls YOY

Khind Holdings Berhad said its normalized net income for the third quarter came to 3 Malaysian sen per share, a decline of 33.9% from 4 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 1.1 million ringgits, a decline of 33.9% from 1.7 million ringgits in the year-earlier period.

The normalized profit margin fell to 1.3% from 2.0% in the year-earlier period.

Total revenue fell year over year to 84.2 million ringgits from 86.2 million ringgits, and total operating expenses declined on an annual basis to 81.5 million ringgits from 82.6 million ringgits.

Reported net income declined 14.5% on an annual basis to 1.8 million ringgits, or 4 sen per share, from 2.1 million ringgits, or 5 sen per share.

As of Nov. 24, US$1 was equivalent to 4.40 ringgits.