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Spritzer Bhd. fiscal Q1 profit climbs 33.6% YOY

Spritzer Bhd. said its normalized net income for the fiscal first quarter ended Aug. 31 came to 4 Malaysian sen per share, an increase of 22.6% from 3 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 5.5 million ringgits, an increase of 33.6% from 4.1 million ringgits in the prior-year period.

The normalized profit margin increased to 8.8% from 7.3% in the year-earlier period.

Total revenue grew 11.7% on an annual basis to 62.7 million ringgits from 56.1 million ringgits, and total operating expenses increased 9.2% from the prior-year period to 53.2 million ringgits from 48.7 million ringgits.

Reported net income grew 27.4% on an annual basis to 6.7 million ringgits, or 4 sen per share, from 5.2 million ringgits, or 4 sen per share.

As of Oct. 14, US$1 was equivalent to 3.27 ringgits.