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TDM Q3 profit climbs YOY

TDM Bhd. said its third-quarter normalized net income came to 14.8 million ringgits, a rise from 7.0 million 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 14.4% from 7.1% in the year-earlier period.

Total revenue climbed on an annual basis to 102.8 million ringgits from 98.6 million ringgits, and total operating expenses decreased 6.6% year over year to 84.3 million ringgits from 90.3 million ringgits.

Reported net income rose from the prior-year period to 23.4 million ringgits, or 1 sen per share, from 11.3 million ringgits, or 1 sen per share.

As of Nov. 28, US$1 was equivalent to 4.46 ringgits.