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7-Eleven Malaysia Q3 profit climbs 11.7% YOY

7-Eleven Malaysia Holdings Bhd. said its third-quarter normalized net income amounted to 1 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 1 sen per share.

EPS climbed 12.2% year over year from 1 sen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.1 million ringgits, an increase of 11.7% from 12.6 million ringgits in the year-earlier period.

The normalized profit margin increased to 2.7% from 2.6% in the year-earlier period.

Total revenue increased 6.6% on an annual basis to 519.2 million ringgits from 487.3 million ringgits, and total operating expenses grew 6.4% on an annual basis to 496.6 million ringgits from 466.7 million ringgits.

Reported net income fell year over year to 16.7 million ringgits, or 1 sen per share, from 17.1 million ringgits, or 1 sen per share.

As of Nov. 26, US$1 was equivalent to 4.23 ringgits.