Teo Guan Lee Corp. Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 12 Malaysian sen per share, a decline of 17.4% from 15 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 5.1 million ringgits, a decline of 17.4% from 6.1 million ringgits in the prior-year period.
The normalized profit margin declined to 15.2% from 15.6% in the year-earlier period.
Total revenue decreased 15.4% year over year to 33.2 million ringgits from 39.2 million ringgits, and total operating expenses fell 15.0% year over year to 24.9 million ringgits from 29.3 million ringgits.
Reported net income fell 17.3% on an annual basis to 6.0 million ringgits, or 15 sen per share, from 7.3 million ringgits, or 18 sen per share.
As of Nov. 26, US$1 was equivalent to 3.35 ringgits.
