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Signature International fiscal Q3 profit climbs YOY

Signature International Bhd. said its normalized net income for the fiscal third quarter ended March 31 was 5 Malaysian sen per share, a gain from 1 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 11.1 million ringgits, a gain from 3.3 million ringgits in the prior-year period.

The normalized profit margin climbed to 12.6% from 7.9% in the year-earlier period.

Total revenue grew on an annual basis to 87.5 million ringgits from 41.9 million ringgits, and total operating expenses increased 90.0% on an annual basis to 68.2 million ringgits from 35.9 million ringgits.

Reported net income rose year over year to 13.4 million ringgits, or 6 sen per share, from 4.1 million ringgits, or 2 sen per share.

As of May 25, US$1 was equivalent to 3.62 ringgits.