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Pensonic Holdings fiscal Q2 profit climbs YOY

Pensonic Holdings Bhd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, amounted to 1.7 million ringgits, an increase from 394,000 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 increased to 1.9% from 0.4% in the year-earlier period.

Total revenue rose year over year to 91.5 million ringgits from 88.0 million ringgits, and total operating expenses grew year over year to 87.5 million ringgits from 86.2 million ringgits.

Reported net income grew year over year to 2.7 million ringgits, or 2 sen per share, from 598,000 ringgits, or 0 sen per share.

As of Jan. 27, US$1 was equivalent to 4.24 ringgits.