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Berjaya Food profit misses consensus by 25.7% in fiscal Q3

Berjaya Food Bhd. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to 2 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 3 sen per share.

EPS increased 33.9% year over year from 2 sen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.8 million ringgits, a gain of 50.0% from 5.8 million ringgits in the year-earlier period.

The normalized profit margin fell to 6.6% from 14.1% in the year-earlier period.

Total revenue climbed on an annual basis to 133.5 million ringgits from 41.4 million ringgits, and total operating expenses increased from the prior-year period to 117.4 million ringgits from 37.3 million ringgits.

Reported net income grew 7.1% on an annual basis to 8.6 million ringgits, or 2 sen per share, from 8.1 million ringgits, or 3 sen per share.

As of March 10, US$1 was equivalent to 3.70 ringgits.