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TPC Plus Q3 profit climbs 31.7% YOY

TPC Plus Berhad said its third-quarter normalized net income amounted to 896,250 ringgits, an increase of 31.7% from 680,630 ringgits in the year-earlier period.

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

The normalized profit margin climbed to 4.1% from 3.3% in the year-earlier period.

Total revenue increased 7.2% year over year to 21.8 million ringgits from 20.4 million ringgits, and total operating expenses grew 5.7% from the prior-year period to 19.5 million ringgits from 18.5 million ringgits.

Reported net income rose 31.7% from the prior-year period to 1.4 million ringgits, or 2 sen per share, from 1.1 million ringgits, or 1 sen per share.

As of Nov. 18, US$1 was equivalent to 4.36 ringgits.