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LTKM Bhd. fiscal Q2 profit climbs 62.0% YOY

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LTKM Bhd. fiscal Q2 profit climbs 62.0% YOY

LTKM Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 5 Malaysian sen per share, a gain of 62.0% from 3 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.0 million ringgits, an increase of 62.0% from 4.3 million ringgits in the year-earlier period.

The normalized profit margin climbed to 14.5% from 10.1% in the year-earlier period.

Total revenue increased 13.1% on an annual basis to 48.1 million ringgits from 42.6 million ringgits, and total operating expenses climbed year over year to 37.0 million ringgits from 36.0 million ringgits.

Reported net income rose 50.4% year over year to 7.7 million ringgits, or 6 sen per share, from 5.1 million ringgits, or 4 sen per share.

As of Nov. 25, US$1 was equivalent to 3.35 ringgits.