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Spritzer Bhd. profit holds mostly steady YOY in fiscal Q3

Spritzer Bhd. said its normalized net income for the fiscal third quarter ended Feb. 28 was 3 Malaysian sen per share, a decrease of 6.8% from 3 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 4.8 million ringgits, compared with 4.8 million ringgits in the prior-year period.

The normalized profit margin declined to 7.8% from 8.0% in the year-earlier period.

Total revenue rose on an annual basis to 61.5 million ringgits from 60.0 million ringgits, and total operating expenses increased from the prior-year period to 53.2 million ringgits from 51.4 million ringgits.

Reported net income fell 12.1% year over year to 5.4 million ringgits, or 3 sen per share, from 6.1 million ringgits, or 4 sen per share.

As of April 28, US$1 was equivalent to 3.54 ringgits.