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Esthetics International fiscal Q3 profit falls YOY

Esthetics International Group Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.6 million ringgits, a decline of 52.0% from 3.3 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 fell to 4.3% from 8.6% in the year-earlier period.

Total revenue declined year over year to 36.6 million ringgits from 37.8 million ringgits, and total operating expenses increased from the prior-year period to 34.5 million ringgits from 33.0 million ringgits.

Reported net income decreased 58.2% on an annual basis to 2.0 million ringgits, or 1 sen per share, from 4.8 million ringgits, or 2 sen per share.

As of Feb. 24, US$1 was equivalent to 3.64 ringgits.