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Khind Holdings Q2 profit climbs 71.0% YOY


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Khind Holdings Q2 profit climbs 71.0% YOY

Khind Holdings Berhad said its normalized net income for the second quarter amounted to 11 Malaysian sen per share, an increase of 71.0% from 7 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 4.5 million ringgits, an increase of 71.0% from 2.6 million ringgits in the year-earlier period.

The normalized profit margin climbed to 4.3% from 3.0% in the year-earlier period.

Total revenue climbed 19.8% year over year to 104.6 million ringgits from 87.3 million ringgits, and total operating expenses climbed 17.3% from the prior-year period to 96.5 million ringgits from 82.2 million ringgits.

Reported net income grew 65.8% from the prior-year period to 5.4 million ringgits, or 14 sen per share, from 3.3 million ringgits, or 8 sen per share.

As of Aug. 24, US$1 was equivalent to 4.04 ringgits.