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NTPM Holdings fiscal Q4 profit climbs 37.4% YOY

NTPM Holdings Bhd. said its normalized net income for the fiscal fourth quarter ended April 30 came to 11.9 million ringgits, a rise of 37.4% from 8.7 million 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 8.8% from 6.4% in the year-earlier period.

Total revenue came to 134.8 million ringgits, compared with 136.0 million ringgits in the year-earlier period, and total operating expenses decreased 9.3% on an annual basis to 110.8 million ringgits from 122.3 million ringgits.

Reported net income increased 12.6% on an annual basis to 13.2 million ringgits, or 1 sen per share, from 11.7 million ringgits, or 1 sen per share.

For the year, the company's normalized net income totaled 3 sen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3 sen.

EPS declined 14.8% from 4 sen in the prior year.

Normalized net income was 37.5 million ringgits, a decline of 14.4% from 43.8 million ringgits in the prior year.

Full-year total revenue increased on an annual basis to 547.5 million ringgits from 541.4 million ringgits, and total operating expenses rose year over year to 478.5 million ringgits from 468.7 million ringgits.

The company said reported net income decreased 20.9% year over year to 42.6 million ringgits, or 4 sen per share, in the full year, from 53.9 million ringgits, or 5 sen per share.

As of Aug. 20, US$1 was equivalent to 4.12 ringgits.