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Khee San fiscal Q3 profit climbs 12.8% YOY

Khee San Bhd. said its normalized net income for the fiscal third quarter ended March 31 came to 645,000 ringgits, an increase of 12.8% from 571,880 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 increased to 1.7% from 1.7% in the year-earlier period.

Total revenue climbed 9.4% year over year to 37.3 million ringgits from 34.0 million ringgits, and total operating expenses rose 13.4% on an annual basis to 36.2 million ringgits from 31.9 million ringgits.

Reported net income fell 17.3% on an annual basis to 568,000 ringgits, or 1 sen per share, from 687,000 ringgits, or 1 sen per share.

As of May 31, US$1 was equivalent to 4.11 ringgits.