MESB Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1 Malaysian sen per share, a decrease of 17.4% from 1 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 724,380 ringgits, a decrease of 17.6% from 878,750 ringgits in the year-earlier period.
The normalized profit margin rose to 3.9% from 3.5% in the year-earlier period.
Total revenue declined 9.1% on an annual basis to 22.6 million ringgits from 24.9 million ringgits, and total operating expenses fell 5.9% on an annual basis to 21.9 million ringgits from 23.3 million ringgits.
Reported net income decreased 55.4% year over year to 397,000 ringgits, or 1 sen per share, from 890,000 ringgits, or 1 sen per share.
As of Feb. 26, US$1 was equivalent to 3.60 ringgits.
