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United Malacca fiscal Q1 profit climbs YOY

United Malacca Bhd. said its normalized net income for the fiscal first quarter ended July 31 came to 5 Malaysian sen per share, compared with 5 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 9.7 million ringgits, an increase from 9.5 million ringgits in the year-earlier period.

The normalized profit margin dropped to 16.6% from 22.0% in the year-earlier period.

Total revenue climbed 34.7% year over year to 58.2 million ringgits from 43.2 million ringgits, and total operating expenses rose 25.6% year over year to 45.3 million ringgits from 36.1 million ringgits.

Reported net income declined 8.5% year over year to 12.7 million ringgits, or 6 sen per share, from 13.9 million ringgits, or 7 sen per share.

As of Sept. 18, US$1 was equivalent to 3.23 ringgits.