Suiwah Corp. Bhd. said its normalized net income for the fiscal third quarter ended Feb. 28 amounted to 6 Malaysian sen per share, an increase of 19.7% from 5 sen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.5 million ringgits, an increase of 19.7% from 3.0 million ringgits in the prior-year period.
The normalized profit margin climbed to 2.9% from 2.7% in the year-earlier period.
Total revenue increased 10.6% on an annual basis to 121.5 million ringgits from 109.8 million ringgits, and total operating expenses rose 10.5% from the prior-year period to 115.6 million ringgits from 104.7 million ringgits.
Reported net income fell 15.2% year over year to 4.4 million ringgits, or 8 sen per share, from 5.2 million ringgits, or 9 sen per share.
As of April 24, US$1 was equivalent to 3.58 ringgits.
