KESM Industries Berhad said its normalized net income for the fiscal second quarter ended Jan. 31 amounted to 11 Malaysian sen per share, an increase from 4 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 4.9 million ringgits, a gain from 1.6 million ringgits in the prior-year period.
The normalized profit margin climbed to 6.8% from 2.5% in the year-earlier period.
Total revenue grew 12.3% on an annual basis to 71.3 million ringgits from 63.5 million ringgits, and total operating expenses grew from the prior-year period to 61.5 million ringgits from 59.3 million ringgits.
Reported net income increased from the prior-year period to 7.0 million ringgits, or 16 sen per share, from 2.1 million ringgits, or 5 sen per share.
As of March 10, US$1 was equivalent to 4.12 ringgits.
