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Prestariang Q3 profit climbs 19.8% YOY

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Prestariang Q3 profit climbs 19.8% YOY

4911330 said its third-quarter normalized net income came to 3.8 million ringgits, an increase of 19.8% from 3.2 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 rose to 23.7% from 18.9% in the year-earlier period.

Total revenue decreased on an annual basis to 16.1 million ringgits from 16.9 million ringgits, and total operating expenses fell 12.2% on an annual basis to 10.9 million ringgits from 12.4 million ringgits.

Reported net income totaled 5.0 million ringgits, or 1 sen per share, compared to 5.0 million ringgits, or 1 sen per share, in the year-earlier period.

s of Nov. 25, US$1 was equivalent to 4.21 ringgits.Prestariang Bhd.

4911330 said its third-quarter normalized net income came to 3.8 million ringgits, an increase of 19.8% from 3.2 million ringgits in the year-earlier period.