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Prolexus fiscal Q3 profit climbs YOY

Prolexus Bhd. said its normalized net income for the fiscal third quarter ended April 30 came to 1.6 million ringgits, a gain from 792,880 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 2.4% from 1.5% in the year-earlier period.

Total revenue increased 25.1% on an annual basis to 66.7 million ringgits from 53.3 million ringgits, and total operating expenses rose 21.1% year over year to 62.5 million ringgits from 51.7 million ringgits.

Reported net income fell 6.0% year over year to 2.1 million ringgits, or 2 sen per share, from 2.2 million ringgits, or 2 sen per share.

As of June 23, US$1 was equivalent to 3.75 ringgits.