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DeGem Q3 profit climbs YOY

4910479 said its normalized net income for the third quarter was 2.1 million ringgits, a gain from 140,880 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 climbed to 4.4% from 0.3% in the year-earlier period.

Total revenue rose 14.8% year over year to 46.9 million ringgits from 40.9 million ringgits, and total operating expenses rose 7.6% on an annual basis to 43.5 million ringgits from 40.4 million ringgits.

eported net income grew on an annual basis to 2.4 DeGem Berhad