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Berjaya Philippines fiscal Q2 profit climbs YOY

Berjaya Philippines Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 was 4 Philippine centavos per share, compared with 4 centavos per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 159.0 million pesos, compared with 157.4 million pesos in the year-earlier period.

The normalized profit margin dropped to 2.5% from 36.3% in the year-earlier period.

Total revenue grew year over year to 6.24 billion pesos from 433.2 million pesos, and total operating expenses increased from the prior-year period to 6.02 billion pesos from 368.2 million pesos.

Reported net income fell 18.5% year over year to 194.5 million pesos, or 4 centavos per share, from 238.6 million pesos, or 5 centavos per share.

As of Dec. 16, US$1 was equivalent to 44.70 Philippine pesos.