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Pensonic Holdings swings to profit in fiscal Q2

Pensonic Holdings Bhd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, amounted to 394,000 ringgits, compared with a loss of 719,130 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 increased to 0.4% from negative 0.8% in the year-earlier period.

Total revenue increased year over year to 88.0 million ringgits from 86.5 million ringgits, and total operating expenses totaled 86.2 million ringgits, compared with 86.8 million ringgits in the prior-year period.

Reported net income came to 598,000 ringgits, or 0 sen per share, compared to a loss of 1.2 million ringgits, or a loss of 1 sen per share, in the year-earlier period.

As of Jan. 23, US$1 was equivalent to 3.60 ringgits.