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Cheetah Holdings fiscal Q2 profit falls YOY

Cheetah Holdings Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 527,500 ringgits, a fall of 74.0% from 2.0 million ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 1.7% from 6.3% in the year-earlier period.

Total revenue declined year over year to 30.9 million ringgits from 32.4 million ringgits, and total operating expenses rose year over year to 30.3 million ringgits from 29.2 million ringgits.

Reported net income decreased 74.0% from the prior-year period to 626,000 ringgits, or 1 sen per share, from 2.4 million ringgits, or 2 sen per share.

As of Feb. 16, US$1 was equivalent to 3.58 ringgits.