Mintye Bhd. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 2 Malaysian sen per share, a gain of 9.2% from 2 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 1.3 million ringgits, an increase of 9.2% from 1.2 million ringgits in the prior-year period.

The normalized profit margin increased to 12.2% from 10.4% in the year-earlier period.

Total revenue declined 6.8% on an annual basis to 10.9 million ringgits from 11.7 million ringgits, and total operating expenses fell 13.4% on an annual basis to 10.5 million ringgits from 12.1 million ringgits.

Reported net income increased from the prior-year period to 1.5 million ringgits, or 2 sen per share, from 1.4 million ringgits, or 2 sen per share.

For the year, the company's normalized net income totaled 5 sen per share, a gain from 5 sen per share in the prior year.

Normalized net income was 3.3 million ringgits, an increase from 3.2 million ringgits in the prior year.

Full-year total revenue grew 6.2% on an annual basis to 50.3 million ringgits from 47.4 million ringgits, and total operating expenses rose year over year to 46.7 million ringgits from 44.6 million ringgits.

The company said reported net income fell on an annual basis to 3.9 million ringgits, or 6 sen per share, in the full year, from 4.2 million ringgits, or 7 sen per share.

As of June 1, US$1 was equivalent to 3.69 ringgits.