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Prolexus fiscal Q3 profit falls YOY

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Prolexus fiscal Q3 profit falls YOY

Prolexus Bhd. said its normalized net income for the fiscal third quarter ended April 30 amounted to 1 Malaysian sen per share, a decrease of 18.8% 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 1.3 million ringgits, a decrease of 21.3% from 1.6 million ringgits in the prior-year period.

The normalized profit margin declined to 1.8% from 2.4% in the year-earlier period.

Total revenue climbed 9.3% year over year to 72.9 million ringgits from 66.7 million ringgits, and total operating expenses rose 9.8% on an annual basis to 68.7 million ringgits from 62.5 million ringgits.

Reported net income grew 64.2% year over year to 3.5 million ringgits, or 3 sen per share, from 2.1 million ringgits, or 2 sen per share.

As of June 24, US$1 was equivalent to 4.08 ringgits.