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Datasonic Group fiscal Q3 profit climbs 8.8% YOY

Datasonic Group Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 10.8 million ringgits, a gain of 8.8% from 9.9 million ringgits in the prior-year period.

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

The normalized profit margin climbed to 17.6% from 16.5% in the year-earlier period.

Total revenue increased on an annual basis to 61.6 million ringgits from 60.4 million ringgits, and total operating expenses totaled 43.2 million ringgits, compared with 42.8 million ringgits in the year-earlier period.

Reported net income increased 24.5% year over year to 19.4 million ringgits, or 1 sen per share, from 15.6 million ringgits, or 1 sen per share.

As of Feb. 26, US$1 was equivalent to 4.20 ringgits.