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Esthetics International fiscal Q3 profit climbs YOY

Esthetics International Group Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 3.5 million ringgits, a rise from 1.6 million 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 rose to 8.1% from 4.3% in the year-earlier period.

Total revenue climbed 18.4% year over year to 43.4 million ringgits from 36.6 million ringgits, and total operating expenses increased 10.9% year over year to 38.3 million ringgits from 34.5 million ringgits.

Reported net income increased 98.9% on an annual basis to 4.0 million ringgits, or 2 sen per share, from 2.0 million ringgits, or 1 sen per share.

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