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Rubberex Q3 profit climbs YOY

4916875 said its third-quarter normalized net income was 1 Malaysian sen per share, compared with 1 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 3.1 million ringgits, compared with 3.1 million ringgits in the prior-year period.

The normalized profit margin increased to 4.1% from 4.0% in the year-earlier period.

Total revenue declined year over year to 74.9 million ringgits from 76.3 million ringgits, and total operating expenses decreased year over year to 69.1 million ringgits from 70.5 million ringgits.

Reported net income rose 13.4% year over year to 3.4 million ringgits, or 2 sen per share, from 3.0 million ringgits, or 1 sen per share.

s of Nov. 25, US$1 was equivalent to 4.21 ringgits.Rubberex Corp. (M) Bhd.

4916875 said its third-quarter normalized net income was 1 Malaysian sen per share, compared with 1 sen per share in the prior-year period.