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Pan Malaysia fiscal Q3 profit falls YOY

4910575 said its normalized net income for the fiscal third quarter ended March 31 amounted to 315,000 ringgits, a fall of 91.4% from 3.7 million ringgits in the third quarter ended Sept. 30, 2015.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 1.9% from 21.8% in the year-earlier period.

Total revenue came to 16.9 million ringgits, compared with 16.8 million ringgits in the year-earlier period, and total operating expenses declined 9.1% on an annual basis to 16.6 million ringgits from 18.3 million ringgits.

eported net income came to a loss of 2.2 million ri Pan Malaysia Corp. Bhd.