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Jackspeed fiscal H1 profit climbs 8.2% YOY

Jackspeed Corp. Ltd. said its normalized net income for the fiscal first half ended Aug. 31 amounted to S$865,130, a rise of 8.2% from S$799,880 in the year-earlier period.

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

Total revenue grew 30.7% on an annual basis to S$24.4 million from S$18.6 million, and total operating expenses rose 35.4% from the prior-year period to S$23.1 million from S$17.1 million.

Reported net income grew from the prior-year period to S$5.8 million, or 2 cents per share, from S$1.4 million, or 1 cents per share.

As of Oct. 9, US$1 was equivalent to S$1.39.