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Atlan Holdings fiscal Q2 profit climbs 52.2% YOY

Atlan Holdings Bhd. said its normalized net income for the fiscal second quarter ended Aug. 31 came to 4 Malaysian sen per share, a gain of 52.2% 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 10.1 million ringgits, a gain of 52.2% from 6.7 million ringgits in the prior-year period.

The normalized profit margin climbed to 5.8% from 3.8% in the year-earlier period.

Total revenue totaled 175.2 million ringgits, compared with 174.3 million ringgits in the prior-year period, and total operating expenses fell year over year to 155.0 million ringgits from 158.8 million ringgits.

Reported net income increased 94.4% year over year to 10.3 million ringgits, or 4 sen per share, from 5.3 million ringgits, or 2 sen per share.

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