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Hume Industries fiscal Q1 profit climbs YOY

Hume Industries Bhd. said its normalized net income for the fiscal first quarter ended Sept. 30 was 12.6 million ringgits, a rise from 144,380 ringgits in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 8.0% from 1.2% in the year-earlier period.

Total revenue rose year over year to 158.2 million ringgits from 11.6 million ringgits, and total operating expenses climbed on an annual basis to 133.4 million ringgits from 11.4 million ringgits.

Reported net income grew on an annual basis to 15.5 million ringgits, or 3 sen per share, from 134,000 ringgits, or 0 sen per share.

As of Nov. 17, US$1 was equivalent to 4.39 ringgits.