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Spring Gallery posts fiscal Q2 profit

Spring Gallery Bhd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 1.3 million ringgits.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 16.6%.

Total revenue totaled 7.8 million ringgits, and total operating expenses came to 6.3 million ringgits.

Reported net income came to 2.1 million ringgits, or 2 sen per share.

As of Feb. 26, US$1 was equivalent to 3.60 ringgits.