Spring Gallery Bhd. said its normalized net income for the fiscal third quarter ended March 31 came to 1.7 million ringgits, an increase from 530,000 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 rose to 17.0% from 7.1% in the year-earlier period.
Total revenue climbed 30.9% year over year to 9.8 million ringgits from 7.4 million ringgits, and total operating expenses rose 20.1% year over year to 7.9 million ringgits from 6.6 million ringgits.
Reported net income increased year over year to 2.2 million ringgits, or 2 sen per share, from 478,000 ringgits, or 1 sen per share.
As of May 27, US$1 was equivalent to 3.65 ringgits.