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Caring Pharmacy fiscal Q2 profit falls YOY

Caring Pharmacy Group Bhd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, amounted to 1.6 million ringgits, a fall of 9.2% from 1.8 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 declined to 1.7% from 2.0% in the year-earlier period.

Total revenue climbed 10.4% year over year to 98.3 million ringgits from 89.0 million ringgits, and total operating expenses rose 10.9% on an annual basis to 95.4 million ringgits from 86.0 million ringgits.

Reported net income fell 8.4% year over year to 1.9 million ringgits, or 1 sen per share, from 2.1 million ringgits, or 1 sen per share.

As of Jan. 27, US$1 was equivalent to 4.24 ringgits.