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DPS Resources fiscal Q1 profit climbs YOY

DPS Resources Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 256,250 ringgits, a gain from 3,130 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 2.4% from 0.0% in the year-earlier period.

Total revenue decreased 21.3% year over year to 10.5 million ringgits from 13.4 million ringgits, and total operating expenses decreased 22.5% on an annual basis to 9.9 million ringgits from 12.7 million ringgits.

Reported net income rose from the prior-year period to 422,400 ringgits, or 0 sen per share, from 5,000 ringgits, or 0 sen per share.

As of Aug. 29, US$1 was equivalent to 3.15 ringgits.