QL Resources Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 2 Malaysian sen per share, an increase of 7.4% from 2 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 37.6 million ringgits, a gain of 17.1% from 32.1 million ringgits in the year-earlier period.
The normalized profit margin increased to 5.7% from 5.3% in the year-earlier period.
Total revenue rose 8.5% on an annual basis to 656.5 million ringgits from 605.1 million ringgits, and total operating expenses climbed 8.1% from the prior-year period to 591.8 million ringgits from 547.5 million ringgits.
Reported net income rose 14.0% on an annual basis to 48.2 million ringgits, or 3 sen per share, from 42.3 million ringgits, or 3 sen per share.
As of Nov. 20, US$1 was equivalent to 3.37 ringgits.
