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Microlink Solutions fiscal Q3 profit falls YOY

Microlink Solutions Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 1.0 million ringgits, a decline from 1.1 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 1.5% from 2.1% in the year-earlier period.

Total revenue grew 32.8% on an annual basis to 67.6 million ringgits from 50.9 million ringgits, and total operating expenses grew 33.1% year over year to 65.6 million ringgits from 49.3 million ringgits.

Reported net income decreased 17.9% year over year to 881,000 ringgits, or 1 sen per share, from 1.1 million ringgits, or 1 sen per share.

As of Feb. 25, US$1 was equivalent to 4.22 ringgits.