MoneyMax Financial Services Ltd. said its normalized net income for the third quarter was S$624,250, a gain from S$132,000 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 2.6% from 0.7% in the year-earlier period.
Total revenue increased 23.4% year over year to S$23.6 million from S$19.2 million, and total operating expenses grew 17.6% from the prior-year period to S$21.4 million from S$18.2 million.
Reported net income rose from the prior-year period to S$757,000, or 0 cents per share, from S$73,000, or 0 cents per share.
As of Nov. 13, US$1 was equivalent to S$1.42.