Jerasia Capital Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 1 Malaysian sen per share, a decline of 20.3% from 2 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.1 million ringgits, a decrease of 20.3% from 1.3 million ringgits in the prior-year period.

The normalized profit margin declined to 1.3% from 1.7% in the year-earlier period.

Total revenue rose 7.0% on an annual basis to 83.7 million ringgits from 78.2 million ringgits, and total operating expenses climbed 7.7% on an annual basis to 81.2 million ringgits from 75.4 million ringgits.

Reported net income fell 6.2% year over year to 1.4 million ringgits, or 2 sen per share, from 1.5 million ringgits, or 2 sen per share.

As of Aug. 27, US$1 was equivalent to 4.19 ringgits.