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Only World Group posts fiscal Q2 profit

Only World Group Holdings Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 3.4 million ringgits.

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

The normalized profit margin was 13.9%.

Total revenue came to 24.6 million ringgits, and total operating expenses came to 18.7 million ringgits.

Reported net income came to 4.2 million ringgits, or 2 sen per share.

As of Feb. 24, US$1 was equivalent to 3.64 ringgits.