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Malayan Flour Mills Q3 profit climbs 17.5% YOY

Malayan Flour Mills Berhad said its normalized net income for the third quarter was 2 Malaysian sen per share, a gain of 15.0% 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 9.5 million ringgits, a gain of 17.5% from 8.1 million ringgits in the prior-year period.

The normalized profit margin climbed to 1.6% from 1.3% in the year-earlier period.

Total revenue came to 610.9 million ringgits, compared with 608.2 million ringgits in the prior-year period, and total operating expenses rose on an annual basis to 594.3 million ringgits from 576.4 million ringgits.

Reported net income increased 33.6% year over year to 13.8 million ringgits, or 3 sen per share, from 10.3 million ringgits, or 2 sen per share.

As of Nov. 17, US$1 was equivalent to 4.38 ringgits.