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Caring Pharmacy fiscal Q1 profit climbs 96.8% YOY

Caring Pharmacy Group Bhd. said its normalized net income for the fiscal first quarter ended Aug. 31 amounted to 889,380 ringgits, a rise of 96.8% from 452,000 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 increased to 1.0% from 0.5% in the year-earlier period.

Total revenue rose year over year to 92.6 million ringgits from 88.4 million ringgits, and total operating expenses climbed year over year to 91.1 million ringgits from 87.3 million ringgits.

Reported net income grew 83.9% from the prior-year period to 1.0 million ringgits, or 0 sen per share, from 554,000 ringgits, or 0 sen per share.

As of Oct. 28, US$1 was equivalent to 4.26 ringgits.