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Emico Holdings fiscal Q3 profit climbs YOY

Emico Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 737,130 ringgits, an increase from 226,630 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 increased to 4.3% from 1.4% in the year-earlier period.

Total revenue climbed 6.2% year over year to 17.0 million ringgits from 16.0 million ringgits, and total operating expenses totaled 15.7 million ringgits, compared with 15.6 million ringgits in the year-earlier period.

Reported net income grew year over year to 748,000 ringgits, or 1 sen per share, from 364,000 ringgits, or 0 sen per share.

As of Feb. 26, US$1 was equivalent to 4.20 ringgits.