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Teck Guan Perdana fiscal Q1 profit falls YOY

Teck Guan Perdana Berhad said its normalized net income for the fiscal first quarter ended April 30 came to 6 Malaysian sen per share, a decrease of 23.6% from 8 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 2.5 million ringgits, a decline of 23.6% from 3.3 million ringgits in the year-earlier period.

The normalized profit margin climbed to 4.7% from 4.1% in the year-earlier period.

Total revenue fell 34.1% year over year to 54.2 million ringgits from 82.2 million ringgits, and total operating expenses fell 34.5% on an annual basis to 50.0 million ringgits from 76.3 million ringgits.

Reported net income fell 24.6% year over year to 2.8 million ringgits, or 7 sen per share, from 3.8 million ringgits, or 9 sen per share.

As of June 26, US$1 was equivalent to 3.78 ringgits.