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Caely Holdings fiscal Q2 profit climbs YOY

Caely Holdings Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.8 million ringgits, an increase from 470 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 6.7% from 0.0% in the year-earlier period.

Total revenue increased 19.7% year over year to 26.6 million ringgits from 22.2 million ringgits, and total operating expenses grew 6.1% from the prior-year period to 23.3 million ringgits from 22.0 million ringgits.

Reported net income increased from the prior-year period to 1.9 million ringgits, or 2 sen per share, from 116,010 ringgits, or 0 sen per share.

As of Nov. 27, US$1 was equivalent to 4.27 ringgits.