QL Resources Bhd. said its normalized net income for the fiscal first quarter ended June 30 was 2 Malaysian sen per share, a gain of 9.4% from 2 sen per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 31.6 million ringgits, a gain of 19.3% from 26.5 million ringgits in the year-earlier period.
The normalized profit margin increased to 4.8% from 4.6% in the year-earlier period.
Total revenue grew 12.8% on an annual basis to 653.6 million ringgits from 579.6 million ringgits, and total operating expenses rose 13.9% from the prior-year period to 604.1 million ringgits from 530.3 million ringgits.
Reported net income grew 15.5% year over year to 40.4 million ringgits, or 2 sen per share, from 34.9 million ringgits, or 2 sen per share.
As of Aug. 21, US$1 was equivalent to 3.17 ringgits.
