PLS Plantations Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.1 million ringgits, a decrease of 64.0% 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 fell to 6.1% from 24.4% in the year-earlier period.
Total revenue grew 42.9% year over year to 17.5 million ringgits from 12.3 million ringgits, and total operating expenses grew 35.8% on an annual basis to 15.3 million ringgits from 11.3 million ringgits.
Reported net income came to a loss of 76,000 ringgits, or a loss of 0 sen per share, compared to income of 2.7 million ringgits, or 1 sen per share, in the year-earlier period.
As of Feb. 17, US$1 was equivalent to 3.58 ringgits.
