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Paos Holdings fiscal Q3 profit falls YOY

Paos Holdings Bhd. said its normalized net income for the fiscal third quarter ended Feb. 28 came to 488,130 ringgits, a decline of 57.5% from 1.1 million 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 climbed to 3.3% from 2.5% in the year-earlier period.

Total revenue declined 68.2% on an annual basis to 14.8 million ringgits from 46.3 million ringgits, and total operating expenses declined 68.5% on an annual basis to 14.0 million ringgits from 44.5 million ringgits.

Reported net income decreased 51.7% from the prior-year period to 560,000 ringgits, or 0 sen per share, from 1.2 million ringgits, or 1 sen per share.

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