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Ajinomoto fiscal Q3 profit climbs 43.3% YOY

Ajinomoto (Malaysia) Bhd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 16 Malaysian sen per share, a gain of 43.3% from 11 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 9.6 million ringgits, a gain of 43.3% from 6.7 million ringgits in the prior-year period.

The normalized profit margin climbed to 9.6% from 8.0% in the year-earlier period.

Total revenue climbed 18.7% on an annual basis to 100.5 million ringgits from 84.7 million ringgits, and total operating expenses climbed 13.8% on an annual basis to 85.6 million ringgits from 75.2 million ringgits.

Reported net income rose 40.4% from the prior-year period to 11.5 million ringgits, or 19 sen per share, from 8.2 million ringgits, or 13 sen per share.

As of Feb. 24, US$1 was equivalent to 4.24 ringgits.