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Mexter Technology Q1 profit falls YOY

LYC Healthcare Bhd. said its normalized net income for the first quarter came to 2,500 ringgits, a decrease of 95.5% from 56,130 ringgits in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.0% from 0.6% in the year-earlier period.

Total revenue grew 23.7% on an annual basis to 11.2 million ringgits from 9.1 million ringgits, and total operating expenses rose 21.1% on an annual basis to 11.0 million ringgits from 9.1 million ringgits.

Reported net income rose on an annual basis to 60,000 ringgits, or 0 sen per share, from 27,000 ringgits, or 0 sen per share.

As of May 25, US$1 was equivalent to 4.10 ringgits.