Fiamma Holdings Bhd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to 1 Malaysian sen per share, a decline of 6.5% 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 6.9 million ringgits, a decline from 7.2 million ringgits in the year-earlier period.
The normalized profit margin fell to 8.9% from 9.2% in the year-earlier period.
Total revenue fell year over year to 76.9 million ringgits from 77.8 million ringgits, and total operating expenses totaled 63.9 million ringgits, compared with 63.9 million ringgits in the prior-year period.
Reported net income declined 7.0% year over year to 7.7 million ringgits, or 2 sen per share, from 8.3 million ringgits, or 2 sen per share.
As of Feb. 26, US$1 was equivalent to 3.60 ringgits.
