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CAM Resources Q1 profit climbs YOY

CAM Resources Berhad said its first-quarter normalized net income amounted to 866,250 ringgits, an increase from 326,380 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 rose to 1.6% from 0.6% in the year-earlier period.

Total revenue climbed on an annual basis to 53.0 million ringgits from 51.6 million ringgits, and total operating expenses came to 51.2 million ringgits, compared with 50.9 million ringgits in the year-earlier period.

Reported net income rose year over year to 883,000 ringgits, or 0 sen per share, from 358,000 ringgits, or 0 sen per share.

As of May 28, US$1 was equivalent to 3.65 ringgits.