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Pelangi Publishing Group fiscal Q1 profit climbs 39.7% YOY

Pelangi Publishing Group Bhd said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to 5 Malaysian sen per share, a gain of 39.8% from 3 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 4.7 million ringgits, a gain of 39.7% from 3.3 million ringgits in the prior-year period.

The normalized profit margin climbed to 16.7% from 14.0% in the year-earlier period.

Total revenue climbed 17.1% on an annual basis to 27.9 million ringgits from 23.8 million ringgits, and total operating expenses grew 10.1% year over year to 20.2 million ringgits from 18.4 million ringgits.

Reported net income increased 6.6% from the prior-year period to 3.9 million ringgits, or 4 sen per share, from 3.7 million ringgits, or 4 sen per share.

As of Feb. 26, US$1 was equivalent to 4.20 ringgits.