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Esthetics International fiscal Q2 profit falls YOY

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Esthetics International fiscal Q2 profit falls YOY

Esthetics International Group Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 2 Malaysian sen per share, a decrease of 10.1% from 2 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 3.5 million ringgits, a decline of 12.8% from 4.0 million ringgits in the prior-year period.

The normalized profit margin dropped to 8.6% from 10.7% in the year-earlier period.

Total revenue climbed 8.4% year over year to 41.0 million ringgits from 37.8 million ringgits, and total operating expenses climbed 12.0% year over year to 35.5 million ringgits from 31.7 million ringgits.

Reported net income decreased 18.6% from the prior-year period to 4.4 million ringgits, or 2 sen per share, from 5.4 million ringgits, or 2 sen per share.

As of Nov. 18, US$1 was equivalent to 4.36 ringgits.