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Poh Kong Holdings fiscal Q3 profit climbs YOY

Poh Kong Holdings Bhd. said its normalized net income for the fiscal third quarter ended April 30 came to 7.1 million ringgits, a rise from 3.5 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 rose to 3.4% from 1.9% in the year-earlier period.

Total revenue rose 14.9% year over year to 210.3 million ringgits from 183.1 million ringgits, and total operating expenses climbed 12.9% year over year to 196.0 million ringgits from 173.7 million ringgits.

Reported net income rose 92.2% year over year to 7.9 million ringgits, or 2 sen per share, from 4.1 million ringgits, or 1 sen per share.

As of June 10, US$1 was equivalent to 3.73 ringgits.