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Teck Guan Perdana swings to profit in fiscal Q3

4915851 said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to 4 Malaysian sen per share, compared with a loss of 9 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 1.6 million ringgits, compared with a loss of 3.6 million ringgits in the year-earlier period.

The normalized profit margin increased to 3.3% from negative 5.6% in the year-earlier period.

Total revenue fell 24.0% on an annual basis to 48.5 million ringgits from 63.8 million ringgits, and total operating expenses decreased 35.5% year over year to 44.9 million ringgits from 69.6 million ringgits.

Reported net income totaled 2.2 million ringgits, or 6 sen per share, compared to a loss of 5.2 million ringgits, or a loss of 13 sen per share, in the prior-year period.

s of Dec. 21, US$1 was equivalent to 4.29 ringgits.Teck Guan Perdana Berhad

4915851 said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to 4 Malaysian sen per share, compared with a loss of 9 sen per share in the year-earlier period.