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Khee San fiscal Q3 profit climbs 10.1% YOY

Khee San Bhd. said its normalized net income for the fiscal third quarter ended March 31 was 571,880 ringgits, a rise of 10.1% from 519,380 ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

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

Total revenue rose 12.2% year over year to 34.0 million ringgits from 30.3 million ringgits, and total operating expenses grew 10.5% year over year to 31.9 million ringgits from 28.9 million ringgits.

Reported net income grew 15.7% year over year to 687,000 ringgits, or 1 sen per share, from 594,000 ringgits, or 1 sen per share.

As of May 29, US$1 was equivalent to 3.66 ringgits.