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Xian Leng Holdings fiscal Q1 loss narrows YOY

Xian Leng Holdings Bhd. said its normalized net income for the fiscal first quarter ended April 30 was a loss of 105,630 ringgits, compared with a loss of 623,130 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 climbed to negative 3.3% from negative 22.7% in the year-earlier period.

Total revenue rose 15.1% year over year to 3.2 million ringgits from 2.7 million ringgits, and total operating expenses fell 8.3% on an annual basis to 3.2 million ringgits from 3.5 million ringgits.

Reported net income came to a loss of 189,030 ringgits, or a loss of 0 sen per share, compared to a loss of 1.0 million ringgits, or a loss of 1 sen per share, in the year-earlier period.

As of June 26, US$1 was equivalent to 3.22 ringgits.