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Ajinomoto fiscal Q3 profit climbs 25.6% YOY

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Ajinomoto fiscal Q3 profit climbs 25.6% YOY

Ajinomoto (Malaysia) Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 11 Malaysian sen per share, an increase of 25.6% from 9 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 6.7 million ringgits, a gain of 25.6% from 5.4 million ringgits in the year-earlier period.

The normalized profit margin rose to 8.0% from 6.6% in the year-earlier period.

Total revenue climbed on an annual basis to 84.7 million ringgits from 81.5 million ringgits, and total operating expenses climbed on an annual basis to 75.2 million ringgits from 73.8 million ringgits.

Reported net income grew 32.9% on an annual basis to 8.2 million ringgits, or 13 sen per share, from 6.2 million ringgits, or 10 sen per share.

As of Feb. 16, US$1 was equivalent to 3.58 ringgits.