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Caely Holdings fiscal Q1 profit falls YOY

Caely Holdings Bhd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 2 Malaysian sen per share, a decline of 23.1% from 2 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.4 million ringgits, a decrease of 23.1% from 1.8 million ringgits in the prior-year period.

The normalized profit margin dropped to 7.5% from 7.7% in the year-earlier period.

Total revenue fell 21.0% year over year to 18.2 million ringgits from 23.1 million ringgits, and total operating expenses fell 21.0% on an annual basis to 15.8 million ringgits from 20.0 million ringgits.

Reported net income decreased 31.6% from the prior-year period to 1.7 million ringgits, or 2 sen per share, from 2.4 million ringgits, or 3 sen per share.

As of Aug. 28, US$1 was equivalent to 3.15 ringgits.