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Greenyield fiscal Q3 profit falls YOY

Greenyield Bhd. said its normalized net income for the fiscal third quarter ended April 30 was 1.3 million ringgits, a fall of 16.7% from 1.6 million 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 fell to 9.7% from 10.9% in the year-earlier period.

Total revenue fell 7.0% year over year to 13.3 million ringgits from 14.4 million ringgits, and total operating expenses fell 6.0% on an annual basis to 11.1 million ringgits from 11.9 million ringgits.

Reported net income declined 17.9% from the prior-year period to 1.5 million ringgits, or 0 sen per share, from 1.9 million ringgits, or 1 sen per share.

As of June 25, US$1 was equivalent to 3.75 ringgits.