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C.I. Holdings fiscal Q2 profit climbs YOY

C.I. Holdings Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 2.2 million ringgits, a gain from 80,630 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 increased to 2.0% from 0.9% in the year-earlier period.

Total revenue grew year over year to 110.1 million ringgits from 9.2 million ringgits, and total operating expenses climbed year over year to 106.4 million ringgits from 9.0 million ringgits.

Reported net income rose year over year to 2.3 million ringgits, or 1 sen per share, from 65,000 ringgits, or 0 sen per share.

As of Feb. 11, US$1 was equivalent to 3.63 ringgits.