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Greenyield fiscal Q2 profit climbs YOY

Greenyield Bhd. said its normalized net income for the fiscal second quarter ended Jan. 31 came to 2.2 million ringgits, a rise from 931,250 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 rose to 18.1% from 10.7% in the year-earlier period.

Total revenue rose 41.1% on an annual basis to 12.3 million ringgits from 8.7 million ringgits, and total operating expenses climbed 20.1% year over year to 8.7 million ringgits from 7.2 million ringgits.

Reported net income grew on an annual basis to 2.4 million ringgits, or 1 sen per share, from 1.1 million ringgits, or 0 sen per share.

As of March 25, US$1 was equivalent to 4.03 ringgits.