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Ajinomoto fiscal Q2 profit falls YOY

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Ajinomoto fiscal Q2 profit falls YOY

Ajinomoto (Malaysia) Bhd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 11 Malaysian sen per share, a decrease of 7.9% 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 6.4 million ringgits, a decrease of 7.9% from 7.0 million ringgits in the year-earlier period.

The normalized profit margin dropped to 7.3% from 7.9% in the year-earlier period.

Total revenue totaled 88.5 million ringgits, compared with 88.5 million ringgits in the year-earlier period, and total operating expenses increased on an annual basis to 79.3 million ringgits from 77.8 million ringgits.

Reported net income decreased 7.9% from the prior-year period to 7.6 million ringgits, or 13 sen per share, from 8.3 million ringgits, or 14 sen per share.

As of Nov. 17, US$1 was equivalent to 3.35 ringgits.