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DPS Resources fiscal Q3 profit climbs YOY

DPS Resources Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 756,880 ringgits, an increase from 206,880 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 climbed to 3.2% from 2.0% in the year-earlier period.

Total revenue rose year over year to 23.8 million ringgits from 10.4 million ringgits, and total operating expenses increased on an annual basis to 20.2 million ringgits from 9.7 million ringgits.

Reported net income increased from the prior-year period to 1.2 million ringgits, or 0 sen per share, from 331,000 ringgits, or 0 sen per share.

As of Feb. 27, US$1 was equivalent to 3.61 ringgits.