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Caring Pharmacy fiscal Q2 profit falls YOY

Caring Pharmacy Group Bhd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was 1.8 million ringgits, compared with 1.8 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 dropped to 2.0% from 2.2% in the year-earlier period.

Total revenue grew 5.4% year over year to 89.0 million ringgits from 84.4 million ringgits, and total operating expenses rose 6.4% from the prior-year period to 86.0 million ringgits from 80.8 million ringgits.

Reported net income grew 14.8% on an annual basis to 2.1 million ringgits, or 1 sen per share, from 1.8 million ringgits, or 1 sen per share.

As of Jan. 27, US$1 was equivalent to 3.60 ringgits.