Bonia Corp. Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 1 Malaysian sen per share, a decline of 30.7% from 2 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 11.9 million ringgits, a decrease of 30.7% from 17.2 million ringgits in the prior-year period.
The normalized profit margin dropped to 6.6% from 9.2% in the year-earlier period.
Total revenue decreased year over year to 181.1 million ringgits from 186.3 million ringgits, and total operating expenses climbed on an annual basis to 157.8 million ringgits from 152.5 million ringgits.
Reported net income decreased 27.1% year over year to 13.9 million ringgits, or 2 sen per share, from 19.0 million ringgits, or 2 sen per share.
As of Feb. 25, US$1 was equivalent to 3.60 ringgits.
