Kuala Lumpur Kepong Bhd. said its normalized net income for the fiscal third quarter ended June 30 came to 18 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 24 sen per share.
EPS climbed 11.1% year over year from 16 sen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 187.2 million ringgits, a gain of 11.1% from 168.4 million ringgits in the prior-year period.
The normalized profit margin dropped to 5.3% from 5.8% in the year-earlier period.
Total revenue grew 21.0% on an annual basis to 3.54 billion ringgits from 2.92 billion ringgits, and total operating expenses increased 22.2% year over year to 3.21 billion ringgits from 2.62 billion ringgits.
Reported net income rose 15.5% on an annual basis to 246.9 million ringgits, or 23 sen per share, from 213.7 million ringgits, or 20 sen per share.
As of Aug. 19, US$1 was equivalent to 4.10 ringgits.