Only World Group Holdings Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to 1 Malaysian sen per share, a decrease of 30.7% from 2 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.5 million ringgits, compared with 2.5 million ringgits in the prior-year period.

The normalized profit margin dropped to 11.1% from 13.1% in the year-earlier period.

Total revenue climbed 18.0% on an annual basis to 22.7 million ringgits from 19.2 million ringgits, and total operating expenses grew 22.8% year over year to 18.2 million ringgits from 14.8 million ringgits.

Reported net income totaled 3.1 million ringgits, or 1 sen per share, compared to 3.0 million ringgits, or 2 sen per share, in the year-earlier period.

As of Nov. 12, US$1 was equivalent to 4.38 ringgits.