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RGB International Q3 profit climbs 56.2% YOY

RGB International Bhd. said its normalized net income for the third quarter came to 6.6 million ringgits, a gain of 56.2% from 4.2 million ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 7.0% from 5.3% in the year-earlier period.

Total revenue increased 18.7% on an annual basis to 94.5 million ringgits from 79.7 million ringgits, and total operating expenses increased 16.7% year over year to 83.6 million ringgits from 71.6 million ringgits.

Reported net income rose 61.7% on an annual basis to 9.3 million ringgits, or 1 sen per share, from 5.8 million ringgits, or 0 sen per share.

As of Nov. 29, US$1 was equivalent to 4.46 ringgits.