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Berjaya Food profit misses consensus by 32.3% in fiscal Q2


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Berjaya Food profit misses consensus by 32.3% in fiscal Q2

Berjaya Food Bhd. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to 2 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 2 sen per share.

EPS fell 94.5% year over year from 30 sen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.1 million ringgits, a decline of 94.1% from 105.0 million ringgits in the year-earlier period.

The normalized profit margin declined to 4.5% from 139.3% in the year-earlier period.

Total revenue rose 79.8% on an annual basis to 135.4 million ringgits from 75.3 million ringgits, and total operating expenses climbed 80.4% from the prior-year period to 123.5 million ringgits from 68.5 million ringgits.

Reported net income fell 96.2% year over year to 6.2 million ringgits, or 2 sen per share, from 163.6 million ringgits, or 46 sen per share.

As of Dec. 9, US$1 was equivalent to 4.25 ringgits.