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Khee San fiscal Q2 profit climbs 17.1% YOY

Khee San Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 1 Malaysian sen per share, a decrease of 11.1% from 1 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 925,630 ringgits, a gain of 17.1% from 790,630 ringgits in the prior-year period.

The normalized profit margin increased to 2.9% from 2.4% in the year-earlier period.

Total revenue declined on an annual basis to 32.2 million ringgits from 32.7 million ringgits, and total operating expenses decreased from the prior-year period to 28.4 million ringgits from 29.8 million ringgits.

Reported net income rose 19.7% from the prior-year period to 1.4 million ringgits, or 2 sen per share, from 1.2 million ringgits, or 2 sen per share.

As of Feb. 29, US$1 was equivalent to 4.21 ringgits.