Greenyield Bhd. said its normalized net income for the fiscal first quarter ended Oct. 31 was 75,000 ringgits, a decline of 88.9% from 673,750 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 fell to 1.1% from 7.6% in the year-earlier period.
Total revenue decreased 20.5% year over year to 7.1 million ringgits from 8.9 million ringgits, and total operating expenses declined 11.7% from the prior-year period to 6.9 million ringgits from 7.8 million ringgits.
Reported net income decreased 91.3% on an annual basis to 66,810 ringgits, or 0 sen per share, from 768,340 ringgits, or 0 sen per share.
As of Dec. 23, US$1 was equivalent to 3.50 ringgits.
