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Prolexus fiscal Q1 profit climbs 54.0% YOY

Prolexus Bhd. said its normalized net income for the fiscal first quarter ended Oct. 31 amounted to 5 Malaysian sen per share, a gain of 54.1% from 3 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 5.8 million ringgits, a gain of 54.0% from 3.7 million ringgits in the year-earlier period.

The normalized profit margin climbed to 5.5% from 4.7% in the year-earlier period.

Total revenue climbed 31.3% year over year to 104.7 million ringgits from 79.7 million ringgits, and total operating expenses grew 28.5% year over year to 93.2 million ringgits from 72.5 million ringgits.

Reported net income grew 43.2% on an annual basis to 7.7 million ringgits, or 7 sen per share, from 5.4 million ringgits, or 5 sen per share.

As of Dec. 10, US$1 was equivalent to 4.25 ringgits.