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Caely Holdings fiscal Q2 profit falls YOY

Caely Holdings Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 470 ringgits, a decrease of 100.0% from 1.4 million 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 fell to 0.0% from 5.4% in the year-earlier period.

Total revenue declined 15.0% year over year to 22.2 million ringgits from 26.1 million ringgits, and total operating expenses fell 5.3% year over year to 22.0 million ringgits from 23.2 million ringgits.

Reported net income fell 94.6% year over year to 116,010 ringgits, or 0 sen per share, from 2.1 million ringgits, or 3 sen per share.

As of Nov. 27, US$1 was equivalent to 3.35 ringgits.