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Rubberex profit holds steady YOY in Q2

4916875 said its normalized net income for the second quarter amounted to 1 Malaysian sen per share, compared with 1 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 2.9 million ringgits, compared with 2.9 million ringgits in the prior-year period.

The normalized profit margin fell to 3.9% from 3.9% in the year-earlier period.

Total revenue climbed on an annual basis to 76.1 million ringgits from 75.2 million ringgits, and total operating expenses increased from the prior-year period to 70.8 million ringgits from 69.6 million ringgits.

eported net income grew 14.9% from the prior-ye Rubberex Corp. (M) Bhd.