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Oriental Holdings Q4 profit climbs 59.2% YOY

4915164 said its normalized net income for the fourth quarter came to 18 Malaysian sen per share, an increase of 59.2% from 11 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 112.8 million ringgits, an increase of 59.2% from 70.9 million ringgits in the prior-year period.

The normalized profit margin rose to 6.1% from 5.7% in the year-earlier period.

Total revenue climbed 49.5% year over year to 1.85 billion ringgits from 1.24 billion ringgits, and total operating expenses grew 39.8% year over year to 1.53 billion ringgits from 1.09 billion ringgits.

Reported net income increased 88.2% from the prior-year period to 155.7 million ringgits, or 25 sen per share, from 82.7 million ringgits, or 13 sen per share.

For the year, the company's normalized net income totaled 40 sen per share, a gain of 10.3% from 36 sen per share in the prior year.

Normalized net income was 248.7 million ringgits, an increase of 10.3% from 225.3 million ringgits in the prior year.

Full-year total revenue grew 26.1% year over year to 5.52 billion ringgits from 4.38 billion ringgits, and total operating expenses rose 26.4% year over year to 5.11 billion ringgits from 4.04 billion ringgits.

he company said reported net income grew year o Oriental Holdings Bhd.