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Only World Group posts fiscal Q3 profit


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Investment Banking Essentials May 15

Only World Group posts fiscal Q3 profit

Only World Group Holdings Bhd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 3.4 million ringgits.

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

The normalized profit margin was 14.8%.

Total revenue came to 22.7 million ringgits, and total operating expenses came to 17.0 million ringgits.

Reported net income came to 4.0 million ringgits, or 2 sen per share.

As of May 25, US$1 was equivalent to 3.62 ringgits.