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TPC Plus Q1 profit climbs 10.6% YOY

TPC Plus Berhad said its normalized net income for the first quarter came to 1 Malaysian sen per share, an increase of 10.5% from 1 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.1 million ringgits, an increase of 10.6% from 1.0 million ringgits in the year-earlier period.

The normalized profit margin fell to 4.8% from 4.9% in the year-earlier period.

Total revenue increased 13.2% year over year to 23.8 million ringgits from 21.0 million ringgits, and total operating expenses increased 12.4% on an annual basis to 21.0 million ringgits from 18.7 million ringgits.

Reported net income increased 10.6% from the prior-year period to 1.8 million ringgits, or 2 sen per share, from 1.7 million ringgits, or 2 sen per share.

As of May 26, US$1 was equivalent to 3.64 ringgits.