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LTKM Bhd. fiscal Q3 profit climbs 38.9% YOY

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LTKM Bhd. fiscal Q3 profit climbs 38.9% YOY

LTKM Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 6 Malaysian sen per share, a gain of 38.9% from 4 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 7.3 million ringgits, a gain of 38.9% from 5.2 million ringgits in the year-earlier period.

The normalized profit margin increased to 14.7% from 11.1% in the year-earlier period.

Total revenue climbed on an annual basis to 49.3 million ringgits from 47.2 million ringgits, and total operating expenses fell 5.3% on an annual basis to 37.1 million ringgits from 39.1 million ringgits.

Reported net income increased 38.8% year over year to 7.9 million ringgits, or 6 sen per share, from 5.7 million ringgits, or 4 sen per share.

As of Feb. 26, US$1 was equivalent to 3.60 ringgits.