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.
