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Teo Seng Capital Q2 profit climbs 36.4% YOY

4911606 said its normalized net income for the second quarter came to 2 Malaysian sen per share, an increase of 40.6% 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 7.5 million ringgits, an increase of 36.4% from 5.5 million ringgits in the prior-year period.

The normalized profit margin climbed to 7.0% from 6.1% in the year-earlier period.

Total revenue climbed 19.1% on an annual basis to 108.0 million ringgits from 90.6 million ringgits, and total operating expenses rose 14.8% year over year to 95.9 million ringgits from 83.5 million ringgits.

Reported net income rose 33.4% on an annual basis to 9.7 million ringgits, or 3 sen per share, from 7.3 million ringgits, or 2 sen per share.

s of Aug. 22, US$1 was equivalent to 4.02 ringgits.Teo Seng Capital Bhd.

4911606 said its normalized net income for the second quarter came to 2 Malaysian sen per share, an increase of 40.6% from 2 sen per share in the prior-year period.