Rexit Berhad said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 1.4 million ringgits, an increase from 548,130 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 increased to 31.1% from 13.2% in the year-earlier period.
Total revenue increased 10.0% on an annual basis to 4.6 million ringgits from 4.2 million ringgits, and total operating expenses declined 30.7% year over year to 2.3 million ringgits from 3.3 million ringgits.
Reported net income grew from the prior-year period to 1.7 million ringgits, or 1 sen per share, from 817,000 ringgits, or 0 sen per share.
As of Feb. 23, US$1 was equivalent to 4.22 ringgits.
