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Spring Gallery swings to profit in fiscal Q1

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Spring Gallery swings to profit in fiscal Q1

4910330 said its normalized net income for the fiscal first quarter ended Sept. 30 was 216,250 ringgits, compared with a loss of 331,250 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 6.0% from negative 13.8% in the year-earlier period.

Total revenue climbed 50.1% on an annual basis to 3.6 million ringgits from 2.4 million ringgits, and total operating expenses rose 36.7% on an annual basis to 4.2 million ringgits from 3.1 million ringgits.

eported net income came to 275,000 ringgits, or 0 Spring Gallery Bhd..