Xian Leng Holdings Berhad said its normalized net income for the fiscal third quarter ended Oct. 31 was 420,000 ringgits, a gain from 28,130 ringgits in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 10.5% from 0.9% in the year-earlier period.
Total revenue increased 27.9% on an annual basis to 4.0 million ringgits from 3.1 million ringgits, and total operating expenses grew 8.3% on an annual basis to 3.3 million ringgits from 3.1 million ringgits.
Reported net income increased on an annual basis to 748,860 ringgits, or 1 sen per share, from 36,350 ringgits, or 0 sen per share.
As of Dec. 28, US$1 was equivalent to 4.30 ringgits.