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Jerasia Capital fiscal Q1 profit climbs YOY

Jerasia Capital Bhd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.3 million ringgits, an increase from 630,630 ringgits in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 1.7% from 0.9% in the year-earlier period.

Total revenue increased 10.7% year over year to 78.2 million ringgits from 70.7 million ringgits, and total operating expenses climbed 9.0% year over year to 75.4 million ringgits from 69.2 million ringgits.

Reported net income grew from the prior-year period to 1.5 million ringgits, or 2 sen per share, from 667,000 ringgits, or 1 sen per share.

As of Aug. 27, US$1 was equivalent to 3.15 ringgits.