Atlan Holdings Bhd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to 4 Malaysian sen per share, a decline of 63.6% from 10 sen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.9 million ringgits, a decrease of 63.6% from 24.4 million ringgits in the year-earlier period.
The normalized profit margin dropped to 5.1% from 12.0% in the year-earlier period.
Total revenue decreased 13.7% year over year to 175.7 million ringgits from 203.6 million ringgits, and total operating expenses totaled 156.3 million ringgits, compared with 156.5 million ringgits in the year-earlier period.
Reported net income decreased 70.1% from the prior-year period to 10.7 million ringgits, or 4 sen per share, from 35.6 million ringgits, or 14 sen per share.
As of Jan. 14, US$1 was equivalent to 3.59 ringgits.
