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Teck Guan Perdana fiscal Q4 profit climbs 76.3% YOY

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Teck Guan Perdana fiscal Q4 profit climbs 76.3% YOY

Teck Guan Perdana Bhd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to 3 Malaysian sen per share, an increase of 76.3% from 2 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 1.2 million ringgits, a gain of 76.3% from 684,490 ringgits in the prior-year period.

The normalized profit margin increased to 1.7% from 1.1% in the year-earlier period.

Total revenue climbed 16.1% on an annual basis to 72.3 million ringgits from 62.3 million ringgits, and total operating expenses grew 17.4% year over year to 68.6 million ringgits from 58.5 million ringgits.

Reported net income decreased 32.4% on an annual basis to 1.2 million ringgits, or 3 sen per share, from 1.8 million ringgits, or 4 sen per share.

For the year, the company's normalized net income totaled a loss of 1 sen per share, compared with 12 sen per share in the prior year.

Normalized net income was a loss of 485,100 ringgits, compared with income of 5.0 million ringgits in the prior year.

Full-year total revenue rose 30.6% year over year to 264.1 million ringgits from 202.3 million ringgits, and total operating expenses rose 35.6% on an annual basis to 261.2 million ringgits from 192.6 million ringgits.

The company said reported net income totaled a loss of 2.1 million ringgits, or a loss of 5 sen per share, in the full year, compared with income of 7.0 million ringgits, or 17 sen per share, the prior year.

As of May 27, US$1 was equivalent to 3.65 ringgits.