Panasonic Manufacturing Malaysia Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 35 Malaysian sen per share, an increase of 5.0% from 33 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.2 million ringgits, a gain from 20.2 million ringgits in the year-earlier period.
The normalized profit margin rose to 8.4% from 8.3% in the year-earlier period.
Total revenue increased year over year to 251.2 million ringgits from 243.0 million ringgits, and total operating expenses increased on an annual basis to 214.8 million ringgits from 211.7 million ringgits.
Reported net income grew 5.8% year over year to 26.4 million ringgits, or 43 sen per share, from 24.9 million ringgits, or 41 sen per share.
As of Feb. 26, US$1 was equivalent to 3.60 ringgits.
