Caely Holdings Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 1 Malaysian sen per share, a decline of 39.9% from 2 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 826,840 ringgits, a decrease of 39.9% from 1.4 million ringgits in the prior-year period.

The normalized profit margin fell to 3.2% from 7.5% in the year-earlier period.

Total revenue increased 40.9% year over year to 25.7 million ringgits from 18.2 million ringgits, and total operating expenses increased 51.9% year over year to 24.0 million ringgits from 15.8 million ringgits.

Reported net income fell 45.1% year over year to 909,890 ringgits, or 1 sen per share, from 1.7 million ringgits, or 2 sen per share.

As of Aug. 26, US$1 was equivalent to 4.25 ringgits.