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TA Global fiscal Q3 profit climbs YOY

TA Global Bhd. said its normalized net income for the fiscal third quarter ended Oct. 31 was 69.2 million ringgits, a rise from 14.9 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 climbed to 26.3% from 9.4% in the year-earlier period.

Total revenue rose 66.4% year over year to 263.4 million ringgits from 158.2 million ringgits, and total operating expenses rose 20.8% year over year to 146.0 million ringgits from 120.9 million ringgits.

Reported net income grew on an annual basis to 44.8 million ringgits, or 1 sen per share, from 19.0 million ringgits, or 0 sen per share.

As of Dec. 17, US$1 was equivalent to 3.48 ringgits.