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Caely Holdings fiscal Q3 profit falls YOY

Caely Holdings Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 682,210 ringgits, a fall of 22.6% from 881,080 ringgits in the prior-year period.

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

The normalized profit margin dropped to 2.5% from 3.5% in the year-earlier period.

Total revenue climbed 6.4% year over year to 26.9 million ringgits from 25.3 million ringgits, and total operating expenses increased 8.5% from the prior-year period to 25.5 million ringgits from 23.5 million ringgits.

Reported net income decreased 55.7% year over year to 686,630 ringgits, or 1 sen per share, from 1.6 million ringgits, or 2 sen per share.

As of Feb. 17, US$1 was equivalent to 3.58 ringgits.