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NTPM Holdings fiscal Q2 profit falls YOY

NTPM Holdings Bhd. said its normalized net income for the fiscal second quarter ended Oct. 31 came to 7.8 million ringgits, a decrease of 39.1% from 12.9 million 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 fell to 5.7% from 9.6% in the year-earlier period.

Total revenue increased year over year to 138.1 million ringgits from 133.7 million ringgits, and total operating expenses climbed 10.7% from the prior-year period to 124.1 million ringgits from 112.2 million ringgits.

Reported net income decreased 42.6% from the prior-year period to 9.2 million ringgits, or 1 sen per share, from 16.0 million ringgits, or 1 sen per share.

As of Dec. 19, US$1 was equivalent to 3.47 ringgits.