TDM Bhd. said its first-quarter normalized net income was a loss of 1.5 million ringgits, compared with a loss of 4.6 million 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 negative 1.6% from negative 6.1% in the year-earlier period.
Total revenue rose 29.1% on an annual basis to 97.5 million ringgits from 75.5 million ringgits, and total operating expenses climbed 21.5% on an annual basis to 103.3 million ringgits from 85.0 million ringgits.
Reported net income came to a loss of 2.9 million ringgits, or a loss of 0 sen per share, compared to a loss of 6.9 million ringgits, or a loss of 0 sen per share, in the prior-year period.
As of May 31, US$1 was equivalent to 4.11 ringgits.