Diversified Gateway Solutions Berhad said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 614,130 ringgits, a decrease of 75.0% from 2.5 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 fell to 6.2% from 7.3% in the year-earlier period.
Total revenue declined 38.9% on an annual basis to 20.6 million ringgits from 33.8 million ringgits, and total operating expenses decreased 34.6% on an annual basis to 19.3 million ringgits from 29.5 million ringgits.
Reported net income declined 56.5% from the prior-year period to 1.3 million ringgits, or 0 sen per share, from 3.0 million ringgits, or 0 sen per share.
As of Feb. 23, US$1 was equivalent to 4.22 ringgits.
