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Greenyield fiscal Q1 profit climbs YOY

Greenyield Bhd. said its normalized net income for the fiscal first quarter ended Oct. 31 amounted to 699,380 ringgits, a gain from 75,000 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 8.9% from 1.1% in the year-earlier period.

Total revenue grew 11.4% year over year to 7.9 million ringgits from 7.1 million ringgits, and total operating expenses decreased on an annual basis to 6.6 million ringgits from 6.9 million ringgits.

Reported net income rose year over year to 667,480 ringgits, or 0 sen per share, from 66,810 ringgits, or 0 sen per share.

As of Dec. 21, US$1 was equivalent to 4.29 ringgits.