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Three-A Resources Q1 profit climbs 56.5% YOY

Three-A Resources Bhd. said its normalized net income for the first quarter was 5.8 million ringgits, a rise of 56.5% from 3.7 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 rose to 5.4% from 5.0% in the year-earlier period.

Total revenue climbed 44.2% on an annual basis to 107.6 million ringgits from 74.6 million ringgits, and total operating expenses climbed 45.0% on an annual basis to 96.9 million ringgits from 66.8 million ringgits.

Reported net income increased 90.4% from the prior-year period to 6.7 million ringgits, or 1 sen per share, from 3.5 million ringgits, or 1 sen per share.

As of May 5, US$1 was equivalent to 4.01 ringgits.