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RGB International Q1 profit climbs 37.4% YOY

RGB International Bhd. said its normalized net income for the first quarter amounted to 4.5 million ringgits, a gain of 37.4% from 3.3 million ringgits in the year-earlier period.

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

The normalized profit margin declined to 8.1% from 8.5% in the year-earlier period.

Total revenue rose 44.8% year over year to 56.1 million ringgits from 38.7 million ringgits, and total operating expenses grew 49.1% year over year to 47.8 million ringgits from 32.0 million ringgits.

Reported net income grew 38.6% year over year to 6.0 million ringgits, or 0 sen per share, from 4.3 million ringgits, or 0 sen per share.

As of May 26, US$1 was equivalent to 4.06 ringgits.