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Zhulian Corp fiscal Q3 profit falls YOY

Zhulian Corp. Bhd. said its normalized net income for the fiscal third quarter ended Aug. 31 amounted to 1 Malaysian sen per share, a decrease of 61.3% from 3 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.9 million ringgits, a decrease of 61.3% from 12.6 million ringgits in the prior-year period.

The normalized profit margin dropped to 11.1% from 24.9% in the year-earlier period.

Total revenue decreased 13.1% year over year to 44.0 million ringgits from 50.7 million ringgits, and total operating expenses decreased 5.1% on an annual basis to 41.4 million ringgits from 43.6 million ringgits.

Reported net income decreased 63.7% on an annual basis to 6.1 million ringgits, or 1 sen per share, from 16.9 million ringgits, or 4 sen per share.

As of Oct. 12, US$1 was equivalent to 4.19 ringgits.