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Three-A Resources Q3 profit climbs YOY

Three-A Resources Bhd. said its normalized net income for the third quarter was 6.3 million ringgits, a rise from 3.0 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 6.9% from 4.2% in the year-earlier period.

Total revenue increased 24.9% on an annual basis to 91.1 million ringgits from 73.0 million ringgits, and total operating expenses grew 20.4% on an annual basis to 79.4 million ringgits from 65.9 million ringgits.

Reported net income increased 38.9% on an annual basis to 6.5 million ringgits, or 1 sen per share, from 4.7 million ringgits, or 1 sen per share.

As of Nov. 24, US$1 was equivalent to 4.22 ringgits.