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SUTL Enterprise Q3 profit climbs 8.1% YOY

SUTL Enterprise Ltd said its third-quarter normalized net income amounted to S$416,880, a gain of 8.1% from S$385,630 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 6.7% from 6.3% in the year-earlier period.

Total revenue climbed year over year to S$6.3 million from S$6.2 million, and total operating expenses decreased year over year to S$5.6 million from S$5.7 million.

Reported net income grew 8.2% year over year to S$504,000, or 1 cents per share, from S$466,000, or 1 cents per share.

As of Nov. 11, US$1 was equivalent to S$1.41.