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Only World Group posts fiscal Q1 profit

Only World Group Holdings Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 2.5 million ringgits.

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

The normalized profit margin was 13.1%.

Total revenue came to 19.2 million ringgits, and total operating expenses came to 14.8 million ringgits.

Reported net income totaled 3.0 million ringgits, or 2 sen per share.

As of Dec. 15, US$1 was equivalent to 3.50 ringgits.