MHC Plantations Bhd. said its normalized net income for the second quarter was 1.1 million ringgits, a decrease of 7.9% from 1.2 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 fell to 1.5% from 1.6% in the year-earlier period.
Total revenue came to 74.0 million ringgits, compared with 73.8 million ringgits in the prior-year period, and total operating expenses fell year over year to 65.1 million ringgits from 67.1 million ringgits.
Reported net income rose 11.6% year over year to 1.9 million ringgits, or 1 sen per share, from 1.7 million ringgits, or 1 sen per share.
As of July 28, US$1 was equivalent to 4.06 ringgits.