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Rubberex Q3 profit climbs 5.2% YOY

Rubberex Corp. (M) Bhd. said its normalized net income for the third quarter amounted to 1 Malaysian sen per share, an increase from 1 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.3 million ringgits, a gain of 5.2% from 3.1 million ringgits in the year-earlier period.

The normalized profit margin climbed to 4.5% from 4.1% in the year-earlier period.

Total revenue fell on an annual basis to 72.2 million ringgits from 74.9 million ringgits, and total operating expenses decreased from the prior-year period to 66.2 million ringgits from 69.1 million ringgits.

Reported net income increased 21.2% on an annual basis to 4.2 million ringgits, or 2 sen per share, from 3.4 million ringgits, or 2 sen per share.

As of Nov. 22, US$1 was equivalent to 4.42 ringgits.