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Marco Holdings Q3 profit falls YOY

Marco Holdings Berhad said its third-quarter normalized net income came to 4.3 million ringgits, a fall from 4.4 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 dropped to 9.7% from 10.2% in the year-earlier period.

Total revenue climbed on an annual basis to 43.7 million ringgits from 43.1 million ringgits, and total operating expenses climbed year over year to 37.5 million ringgits from 36.6 million ringgits.

Reported net income declined 6.9% from the prior-year period to 4.9 million ringgits, or 0 sen per share, from 5.3 million ringgits, or 1 sen per share.

As of Nov. 14, US$1 was equivalent to 4.35 ringgits.