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Teck Guan Perdana fiscal Q1 profit climbs YOY

Teck Guan Perdana Bhd. said its normalized net income for the fiscal first quarter ended April 30 came to 8 Malaysian sen per share, an increase from 4 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 3.3 million ringgits, an increase from 1.4 million ringgits in the year-earlier period.

The normalized profit margin rose to 4.1% from 2.6% in the year-earlier period.

Total revenue grew 53.5% year over year to 82.2 million ringgits from 53.6 million ringgits, and total operating expenses climbed 46.9% year over year to 76.3 million ringgits from 51.9 million ringgits.

Reported net income increased 75.2% from the prior-year period to 3.8 million ringgits, or 9 sen per share, from 2.2 million ringgits, or 5 sen per share.

As of June 27, US$1 was equivalent to 3.21 ringgits.