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Global Yellow Pages fiscal-year profit climbs YOY

Global Yellow Pages Ltd. said its normalized net income for the fiscal full year ended June 30 amounted to 3 Singapore cents per share, an increase from 1 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was S$5.0 million, an increase from S$2.2 million in the year-earlier period.

The normalized profit margin increased to 14.6% from 9.9% in the year-earlier period.

Total revenue increased 56.4% year over year to S$35.2 million from S$22.5 million, and total operating expenses climbed 38.8% from the prior-year period to S$29.3 million from S$21.1 million.

Reported net income came to a loss of S$3.5 million, or a loss of 2 cents per share, compared to a loss of S$49.9 million, or a loss of 32 cents per share, in the prior-year period.

As of Oct. 13, US$1 was equivalent to S$1.39.