NTPM Holdings Bhd. said its normalized net income for the fiscal first quarter ended July 31 was 6.2 million ringgits, a fall of 40.3% from 10.4 million ringgits in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 4.7% from 7.9% in the year-earlier period.
Total revenue came to 132.2 million ringgits, compared with 131.8 million ringgits in the prior-year period, and total operating expenses grew 7.2% from the prior-year period to 121.4 million ringgits from 113.2 million ringgits.
Reported net income decreased 41.5% from the prior-year period to 7.0 million ringgits, or 1 sen per share, from 12.0 million ringgits, or 1 sen per share.
As of Sept. 5, US$1 was equivalent to 3.18 ringgits.
