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Milux Q3 profit falls YOY

Milux Corp. Berhad said its normalized net income for the third quarter came to 333,130 ringgits, a decline of 5.5% from 352,500 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 declined to 1.9% from 2.1% in the year-earlier period.

Total revenue increased 6.6% year over year to 17.8 million ringgits from 16.7 million ringgits, and total operating expenses grew on an annual basis to 17.3 million ringgits from 16.7 million ringgits.

Reported net income declined 59.6% year over year to 138,000 ringgits, or 0 sen per share, from 342,000 ringgits, or 1 sen per share.

As of Nov. 24, US$1 was equivalent to 4.40 ringgits.