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TPC Plus Q2 profit climbs YOY

TPC Plus Berhad said its second-quarter normalized net income amounted to 1.0 million ringgits, a rise from 18,750 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 5.0% from 0.1% in the year-earlier period.

Total revenue declined year over year to 20.3 million ringgits from 20.9 million ringgits, and total operating expenses fell 9.3% year over year to 18.1 million ringgits from 19.9 million ringgits.

Reported net income grew year over year to 1.0 million ringgits, or 0 sen per share, from 32,000 ringgits, or 0 sen per share.

As of Aug. 22, US$1 was equivalent to 4.02 ringgits.