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Cepatwawasan Group Q3 profit climbs 36.9% YOY

Cepatwawasan Group Bhd. said its normalized net income for the third quarter amounted to 3.2 million ringgits, a rise of 36.9% from 2.3 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 rose to 4.3% from 4.2% in the year-earlier period.

Total revenue increased 33.2% on an annual basis to 73.5 million ringgits from 55.2 million ringgits, and total operating expenses increased 31.2% year over year to 68.4 million ringgits from 52.2 million ringgits.

Reported net income increased 25.3% from the prior-year period to 3.6 million ringgits, or 1 sen per share, from 2.9 million ringgits, or 1 sen per share.

As of Nov. 19, US$1 was equivalent to 4.28 ringgits.