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SEG International Q2 profit climbs 8.0% YOY

SEG International Bhd. said its normalized net income for the second quarter was 5.6 million ringgits, an increase of 8.0% from 5.2 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 8.6% from 8.4% in the year-earlier period.

Total revenue grew 5.3% on an annual basis to 65.1 million ringgits from 61.8 million ringgits, and total operating expenses increased on an annual basis to 58.3 million ringgits from 57.4 million ringgits.

Reported net income grew 12.5% on an annual basis to 8.2 million ringgits, or 1 sen per share, from 7.3 million ringgits, or 1 sen per share.

As of July 28, US$1 was equivalent to 3.81 ringgits.