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Three-A Resources Q3 profit climbs 36.8% YOY

Three-A Resources Bhd. said its third-quarter normalized net income amounted to 2 Malaysian sen per share, a gain of 36.8% from 1 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 8.7 million ringgits, an increase of 36.8% from 6.3 million ringgits in the year-earlier period.

The normalized profit margin increased to 9.8% from 6.9% in the year-earlier period.

Total revenue decreased year over year to 88.2 million ringgits from 91.1 million ringgits, and total operating expenses declined 8.4% year over year to 72.7 million ringgits from 79.4 million ringgits.

Reported net income grew 55.9% on an annual basis to 10.1 million ringgits, or 2 sen per share, from 6.5 million ringgits, or 1 sen per share.

As of Nov. 15, US$1 was equivalent to 4.33 ringgits.