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Paos Holdings fiscal Q3 profit climbs 44.6% YOY

Paos Holdings Bhd. said its normalized net income for the fiscal third quarter ended Feb. 29 amounted to 705,630 ringgits, a rise of 44.6% from 488,130 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 increased to 4.8% from 3.3% in the year-earlier period.

Total revenue fell on an annual basis to 14.6 million ringgits from 14.8 million ringgits, and total operating expenses decreased from the prior-year period to 13.6 million ringgits from 14.0 million ringgits.

Reported net income totaled 565,000 ringgits, or 0 sen per share, compared to 560,000 ringgits, or 0 sen per share, in the prior-year period.

As of April 28, US$1 was equivalent to 3.89 ringgits.